Wednesday, September 17, 2008

West Fraser Buys Stuart Lake Lumber

But no guarantee it will open; may just want the timber rights.
West Fraser has reached an agreement to buy Stuart Lake Lumber, which owns a sawmill in Fort St. James shut down since the spring of 2007.
The mill will not be operating any time soon because of market conditions, West Fraser would consider all of its options.
Forest industry analyst Paul Quinn said West Fraser is making a smart move by buying the mill for its long-term timber rights
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Meanwhile, Conifex is trying to start up the old Pope&Talbot mill but is experiencing some delays
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