/PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") is pleased to confirm that a quarterly dividend of $0.01 per share will be.
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PORT ALBERNI, BC, May 3, 2021 /PRNewswire/ -
Huumiis Ventures Limited Partnership ( Huumiis ), a limited partnership beneficially owned by the Huu-ay-aht First Nations ( Huu-ay-aht ), and Western Forest Products Inc. (TSX: WEF) ( Western ) announced today the completion of Huumiis acquisition of an incremental 28 per cent ownership interest in TFL 44 Limited Partnership ( TFL 44 LP ) and TFL 44 LP s general partner, TFL 44 General Partner Inc. ( TFL 44 GP ) from Western, for $22.4 million. With the completion of this transaction, Huumiis now owns a 35 per cent ownership interest in TFL 44 LP and TFL 44 GP, with Western owning the remaining respective 65 per cent.
TFL 44 Logo (CNW Group/Western Forest Products Inc.)
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TSX: WEF
VANCOUVER, BC, March 14, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ( Western or the Company ) announced today that it has completed the sale of certain non-core assets for $36 million. The sale includes certain properties, and their underlying rights, related to the Orca Quarry located near Port McNeill, British Columbia. The Company intends to use the proceeds from the sale to repay debt and to support its long-term strategic initiatives.
About Western Forest Products Inc.
Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets. With operations and employees located primarily on the coast of British Columbia and Washington State, Western is a premier supplier of high-value, specialty forest products to worldwide markets. Western has a lumber capacity in excess of 1.1 billion board feet from eight sawmills and four remanufacturing facilitie
Western Forest Products Inc Announces Further Board Refreshment with Appointment of Two New Directors yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Western Announces Fourth Quarter 2020 Results
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TSX: WEF
VANCOUVER, BC, Feb. 18, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ( Western or the Company ) reported adjusted EBITDA of $71.1 million in the fourth quarter of 2020. Western capitalized on strong North American lumber markets by growing Western Red Cedar ( WRC ) shipments, and by redirecting commodity production from weaker export markets into the speciality treated lumber segment.
Net income in the fourth quarter of 2020 was $34.4 million ($0.09 net income per diluted share), as compared to a net loss of $29.2 million ($0.09 net loss per diluted share) for the fourth quarter of 2019 and net income of $11.5 million ($0.03 net income per diluted share) in the third quarter of 2020.