News Summary

West Fraser Timber Co. Ltd., a Vancouver-based company, announced plans to indefinitely curtail operations at its oriented strand board (OSB) mill in High Level, Alberta. This decision will affect 190 employees, though the company intends to find alternative positions for them within its other operations. The curtailment is set to take effect in the spring of 2026, following an orderly wind-down and consumption of the existing log supply. The move comes in response to a significant weakening in demand for OSB, which is used in residential construction, repair, remodeling, and industrial applications. West Fraser expects to record a $200 million asset impairment loss in the fourth quarter of 2025 due to these reductions.