USA –    International wood-based panels producer West Fraser has reported adjusted EBITDA of USD 144 million for the third quarter of 2025, with sales totaling USD 1.307 billion.

The North America engineered wood products division posted USD 15 million in EBITDA, while the European division recorded USD 1 million.

“There’s no escaping that supply and demand imbalances persist for many of our wood-based products,” said Sean McLaren, President and CEO. “Along with higher duties and new Section 232 tariffs on Canadian lumber, these challenges test our industry — but we remain focused on operational flexibility, cost control, and long-term investments.”

Capital expenditures reached USD 90 million in the quarter, with full-year spending expected between USD 400 million and USD 450 million.

According to the U.S. Census Bureau, housing starts in August were at a seasonally adjusted annual rate of 1.31 million units, indicating continued pressure from high mortgage rates and affordability challenges.

In Europe and the UK, West Fraser expects modest demand recovery, while in North America, softer OSB demand seen in Q3 has extended into Q4. Conversely, European demand for MDF, particleboard, and OSB is expected to improve.

McLaren added that input costs remained stable, with lower resin prices and improved availability of labor and equipment.