Boise Cascade to reduce plywood and EWP production over coming weeks
April 7, 2020
BOISE, Idaho (News release) -- Boise Cascade providing a business update regarding COVID-19. Boise Cascade's Wood Products division has implemented changes to reduce the volume of plywood and engineered wood products (EWP) it will produce in the coming weeks.
The company is planning reductions in plywood production of 25-35% and in EWP volumes of 20-40% depending on location, in comparison to 1Q levels. The reductions in production are expected to be implemented through a combination of periodic curtailments and reductions in operating schedules at specific facilities.
Boise Cascade's Building Materials Distribution division will likely experience reduced sales and earnings as a result of COVID-19, which will vary by geography and branch location.
Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products.
