Weyerhaeuser, West Fraser May Gain as Japan Rebuilds

Weyerhaeuser Co., West Fraser Timber Co. and other North American lumber producers may benefit as Japan recovers from a tsunami and its strongest earthquake on record, according to Dundee Securities.

“With wood construction significantly more earthquake-resistant than concrete, we expect that the majority of the rebuilding to be done using wood as a construction material,” Richard Kelertas, a Montreal-based analyst, said today in a note to clients. “This should have positive impact on most of our North American timber, lumber and building materials stocks.”