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Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
February 15, 2019

Record year for Western Forest Products, despite paying $43 million in softwood lumber duties

Record year for Western Forest Products, despite paying $43 million in softwood lumber duties
Despite paying up more than $43 million in softwood lumber duties, Western Forest Products managed to realize a profit of nearly $70 million in 2018. According to financial statements, the company managed to deal with several issues in 2018, and set a record in terms of revenue to realize a net profit of $69.2 million, down from the $74 million in 2017.    Last year, as a result of strong prices for its specialty products (the company’s average lumber price was up six per cent compared to 2017), Western realized a record $1.197 billion ...

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