Enhancing internal growth opportunities. Over the next five years we will continue to significantly increase our production capabilities through modernization. This includes deploying new technologies that increase the amount of lumber per log while producing higher-quality lumber. We also involve our employees to help develop ways to increase our uptime and reduce the amount of time it takes to complete projects. As a result, we expect to increase lumber production by 35 percent and production of oriented strand board and plywood by 17 percent at our existing facilities.

Strategically growing the business. Wood Products consists of businesses targeted for potential growth. Most of this growth will come from operational improvements to existing facilities. We also expect to grow our appearance-grade wood capabilities to maximize our practice of selectively pruning existing timber. Such pruning reduces knots thereby creating “clear” wood for use in lumber that produces higher margins. While growth through acquisitions is not a primary strategy for Wood Products, we will take this approach in selected cases. >