Business
Western Forest Products to Attend CIBC World Markets 2006 Institutional Investor Conference
Western Forest Products to Attend CIBC World Markets 2006 Institutional Investor Conference.
About this update from Western Forest Products Inc.
[{"type":"text","content":"\n\n\n\n\nTSX: WEF\n\nVANCOUVER, Feb. 16 /CNW/ - Western Forest Products (TSX: WEF) confirms\nthat it will be presenting at the CIBC World Markets 2006 Institutional\nInvestor Conference on Friday February 17, 2006. Western's presentation will\nfocus on its recently announced acquisitions of Cascadia Forest Products and\nCanfor's TFL 37 and how these fit in with its strategy. The slide presentation\nwill be made available on our website at www.westernforest.com approximately\none hour before the presentation that is scheduled for 10.35 a.m. (PST) and a\nlive audiocast of the presentation will be available by accessing the\nfollowing web site \nhttp://events.streamlogics.com/avwtelav/cibcwm/feb16-06/index.asp\n\nWestern Forest Products\n\nWestern is an integrated Canadian forest products company and currently\nthe second largest coastal woodland operator in British Columbia. Principal\nactivities conducted by Western and its subsidiaries include timber\nharvesting, reforestation, sawmilling logs into lumber and wood chips, and\nvalue-added remanufacturing. Over 95% of Western's logging is conducted on\ngovernment owned timberlands in British Columbia. All of Western's operations,\nemployees and corporate facilities are located in the coastal region of\nBritish Columbia and its products are sold in over 25 countries worldwide.\nFollowing the completion of Western's previously announced acquisitions of\nCascadia Forest Products Ltd. and Tree Farm Licence 37, both of which are\nsubject to regulatory approval and expected to close in the first quarter of\n2006, Western expects to be the largest Coastal woodland operator and lumber\nproducer with an Annual Allowable Cut of approximately 7.7 million cubic\nmeters and lumber capacity in excess of 1.5 billion board feet. The final pulp\nproduction run at the Squamish pulp mill on January 26, 2006 followed by its\nclosure on March 9, 2006 will also result in the Company exiting the pulp\nbusiness.\n\nForward Looking Statements\n\nThis press release contains forward-looking statements or forward-looking\ninformation within the meaning of applicable securities laws. Those statements\nappear in a number of places herein and include statements regarding the\nintent, belief or current expectations of Western, primarily with respect to\nmarket and general economic conditions, future costs, expe...