Western Forest Products’ Alberni-Pacific update
by CM Staff
Operations at Alberni-Pacific Division have been curtailed since fall 2022 and will remain curtailed through the negotiations.
VANCOUVER — Western Forest Products Inc. announced that the Company has concluded the 90-day Alberni-Pacific Division working group process and has commenced negotiations on proposals it has received.
The Company previously announced it would not restart its APD facility in its current configuration and had established a multi-party working group to explore viable industrial manufacturing solutions for the site over a 90-day period. That process has now concluded, and the Company has commenced negotiations and due diligence processes related to the proposals received. While the timeline and outcome for these processes are unknown, the Company expects to be able to provide an update by the end of the second quarter of 2023.
“On behalf of Western, I want to offer my sincere thanks to the working group members for their contributions and commitment to working with us to find the best possible path forward for APD,” said Western’s President and CEO Steven Hofer. “While the outcome of the negotiations is uncertain at this time, we believe the working group process has provided an important step forward to finding a positive solution for APD.”
Operations at APD have been curtailed since fall 2022 and will remain curtailed through the negotiations.
