Selectively Grow Containerboard Packaging. As one of the industry’s largest providers of packaging solutions, we are prudently growing this business to meet the evolving needs of our customers. In May, we opened a box plant in Shanghai with SCA Packaging Europe BV to serve existing customers doing business in China. In October, we formed a joint venture with Wilton Connor Packaging to meet the needs of our domestic customers in the rapidly growing point-of-purchase display market.

Reposition Market Pulp. We’re improving the competitive position of market pulp by reducing its exposure to volatile commodity markets. We’ll build on past successes to reduce this exposure to less than 50 percent through product enhancements developed by our extensive research and development capabilities.

By differentiating our pulp, we’ll add value for customers, improve margins and increase returns to shareholders. We’re confident we can overcome our current market challenges to position Weyerhaeuser as a leader in shareholder return. We will do that by continuing to improve efficiencies and differentiating our products in ways customers recognize and value.