West Fraser Timber is one of the largest softwood lumber and oriented strand board producers in the world, with significant production capacity in Canada, the Southeastern United States, and Europe. New construction and remodeling are the main uses of softwood lumber and OSB products in North America. West Fraser is closely tied to the North American market, which accounts for about 85% of sales (65% US and 20% Canada). As price-takers, West Fraser and its peers see dramatic profit variations depending on the health of housing markets and overall economic conditions.