Business
Western Selected For Softwood Lumber Anti-Dumping Review
Western Selected For Softwood Lumber Anti-Dumping Review.
About this update from Western Forest Products Inc.
[{"type":"text","content":"\n\n\n\n\nTSX: WEF \n\nDUNCAN, BC, Nov. 23 /CNW/ - Western Forest Products Inc. (\"Western\" or\nthe \"Company\") announced today that it has been selected as a mandatory\nrespondent in the antidumping duty administrative review of certain softwood\nlumber products from Canada. Western was selected, along with seven other\ncompanies, under the US Department of Commerce's new \"probability proportional\nto size\" sampling methodology. The review covers the period from May 1, 2004\nto April 30, 2005. The Company is currently posting antidumping duty deposits\nat the \"all others\" rate of 3.78% on the value of its lumber shipments to the\nUnited States. Following the review, we will post antidumping duties at the\n\"company specific\" rate determined for Western. The rates of the mandatory\nrespondents are averaged to determine the \"all others\" rate. We are not able\nto determine the impact that this review may have on our antidumping duty\ndeposit rate, if any.\n\nAbout Western:\n\nWestern is an integrated Canadian forest products company and the second\nlargest coastal woodland operator in British Columbia. Principal activities\nconducted by Western and its subsidiaries include timber harvesting,\nreforestation, sawmilling logs into lumber and wood chips, value-added\nremanufacturing and producing NBSK pulp. Over 95% of Western's logging is\nconducted on government owned timberlands in British Columbia. All of\nWestern's operations, employees and corporate facilities are located in the\ncoastal region of British Columbia and its products are sold in over 25\ncountries worldwide.\n\nForward Looking Statement\n\nThis press release contains statements that are forward-looking in\nnature. Those statements appear in a number of places herein and include\nstatements regarding the intent, belief or current expectations of Western,\nprimarily with respect to market and general economic conditions, future\ncosts, expenditures, available harvest levels and future operating performance\nof Western. Such statements may be indicated by words such as \"estimate\",\n\"expect\", \"anticipate\", \"plan\", \"intend\", \"believe\", \"will\", \"should\", \"may\"\nand similar words and phrases. Readers are cautioned that any such \nforward-looking statements are not guarantees and may involve known and\nunknown risks and uncertainties, and that ac...