Weyerhaeuser Reports 3rd Quarter Results

Fri, 30 Oct 2009 05:30:00

Weyerhaeuser Company (NYSE: WY) today reported break‑even results for third quarter 2009 on net sales from continuing operations of $1.4 billion.

This compares with net earnings of $280 million, or $1.33 per share, on net sales from continuing operations of $2.1 billion for the same period last year.

SIGNIFICANT THIRD QUARTER 2009 AFTER-TAX ITEMS

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Weyerhaeuser to build cellulose fibers processing facility in Gdansk, Poland

Fri, 30 Oct 2009 05:00:00

Weyerhaeuser Company (NYSE: WY) today announced that it intends to build a new cellulose fibers processing plant in Gdansk, Poland. City officials in Gdansk, the largest port city in Poland, announced that Weyerhaeuser had won a competitive tender process to purchase 100,000 square meters of land for this project. The land-sale agreement is expected to be completed by year end, and the company plans to break ground for the 17,000-square-meter facility in the spring of 2010.

The...(Read More)

Weyerhaeuser Company Declares Dividend

Thu, 08 Oct 2009 06:00:00

The board of directors of Weyerhaeuser Company (NYSE: WY) on Oct. 8 declared a dividend of 5 cents per share on the common stock of the corporation payable Nov. 30, 2009, to shareholders of record at the close of business Nov. 6,...(Read More)

Weyerhaeuser to Release Third Quarter Earnings on October 30

Tue, 29 Sep 2009 15:50:00

Weyerhaeuser Company (NYSE: WY) will release third quarter 2009 results on Oct. 30 before the market opens. The company will hold a live conference call at 7 a.m. Pacific (10 a.m. Eastern) on Oct. 30 to discuss third quarter results.

To access the conference call from within North America, dial 1‑877-941-8632 at least 15 minutes prior to the call. Those calling from outside North America should dial 1-480-629-9821. Replays will be available for one week at 1-800-406-7325 (access code –...(Read More)

ICC-ES® SAVE™ Program First to Evaluate Products to Multiple Green Building Rating Systems

Wed, 23 Sep 2009 14:50:00

A new, expanded report from the ICC-ES® SAVE™ Program – Sustainable Attributes Verification and Evaluation™ – is the first of its kind to both verify the sustainability of building materials and determine how the products may qualify for green building points within multiple green building rating systems. iLevel by Weyerhaeuser is the first company to receive this new, expanded Verification of Attributes Report™ (VAR™ -1008), which confirms multiple sustainable attributes of its structural...(Read More)

Weyerhaeuser Named to Dow Jones Sustainability Index

Mon, 14 Sep 2009 14:45:00

Weyerhaeuser Company (NYSE: WY) today announced that it is the only building materials company named to the Dow Jones Sustainability Index (DJSI: North America) that tracks North American companies in terms of their economic, environmental and social performance.

The DJSI follows a best-in-class approach and includes sustainability leaders from each industry on a global and regional level. The annual review is based on an assessment of corporate economic, environmental and social...(Read More)

Bedient to Represent Weyerhaeuser at J.P. Morgan Conference

Tue, 08 Sep 2009 14:00:00

Patty Bedient, executive vice president and chief financial officer, will represent Weyerhaeuser Company (NYSE:WY) at the J.P. Morgan Diversified Industries Conference on Sept. 16.

Bedient is scheduled to present at 8:15 a.m. Eastern.

The presentation and question and answer session will be audio webcast live via the J.P. Morgan Direct Webcast Link at Read More)

Weyerhaeuser Completes Sale of Commercial Business to Atlas Holdings LLC

Mon, 17 Aug 2009 13:10:00

Weyerhaeuser Company (NYSE: WY) today announced the completion of the sale of its Commercial business to a wholly-owned subsidiary of Atlas Holdings LLC. Terms of the sale were not disclosed.

The transaction includes four manufacturing plants focused on the commercial construction market (located in Chino, Calif.; Hillsboro, Ore.; Delaware, Ohio and Stayton, Ore.) and 13 sales and engineering offices. About 230 employees will transfer from Weyerhaeuser to Atlas as a result of the...(Read More)

Weyerhaeuser to Sell 140,000 Acres of Non-Strategic Timberlands in Oregon

Thu, 13 Aug 2009 14:00:00

Weyerhaeuser Company (NYSE:WY) today announced it has agreed to sell approximately 140,000 acres of timberlands in northwestern Oregon to an entity affiliated with The Campbell Group LLC for approximately $300 million. The sale is expected to close in the third quarter of 2009. The transaction is expected to contribute approximately $100 million after-tax to third quarter earnings. The sale represents Weyerhaeuser’s continued focus on improving financial flexibility and liquidity....(Read More)

Weyerhaeuser Reports 2nd Quarter Loss

Fri, 31 Jul 2009 05:30:00

Weyerhaeuser Company (NYSE: WY) today reported a net loss of $106 million for the second quarter, or $0.50 per share, on net sales from continuing operations of $1.4 billion.

This compares with a net loss of $96 million, or $0.45 per share, on net sales from continuing operations of $2.2 billion for the same period last year.

SIGNIFICANT SECOND QUARTER 2009 AFTER-TAX ITEMS

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Weyerhaeuser's 2008 Sustainability Performance Available Online

Wed, 29 Jul 2009 18:00:00

Weyerhaeuser Company (NYSE: WY) today announced its 2008 sustainability performance results are available online at http://www.wy.com/sustainability. Weyerhaeuser uses an online reporting method that provides comprehensive, searchable access to its sustainability performance annually.

Highlights of Weyerhaeuser’s 2008 sustainability performance results include:

Employees achieved a year-end Read More)

Weyerhaeuser Closes all Tree Farms to Public Access due to Extreme High Fire Danger in the Pacific Northwest

Tue, 28 Jul 2009 17:30:00

Due to the extreme high fire danger brought on by mid-summer 100 degree weather, Weyerhaeuser Company is closing all tree farms to public access in both Oregon and Washington. Visitors planning a trip to Weyerhaeuser forestlands in Oregon and Washington are reminded to call the company’s statewide, toll-free telephone numbers before heading out to the woods.

In Washington, tree farms in the Vail, Aberdeen, Raymond and St. Helens operating areas will be indefinitely closed to public...(Read More)

Weyerhaeuser Reminds Forest Visitors to Call Toll-Free Hunter/Recreational Use Hotlines in Oregon and Washington

Fri, 24 Jul 2009 17:20:00

Due to increasing fire danger, visitors planning a trip to Weyerhaeuser forestlands in Oregon and Washington are reminded to call the company’s statewide, toll-free telephone numbers before heading out to the woods. In Washington, the company announced earlier this week that the tree farms in Vail, Aberdeen, and Raymond would be temporarily closed to public recreational access. Important public access information is available throughout high fire danger seasons in both states via the hotline...(Read More)

Weyerhaeuser Announces Mill Closure near Taylor

Tue, 07 Jul 2009 06:00:00

Weyerhaeuser announced today that it will permanently close its iLevel® lumber mill near Taylor, Louisiana, effective immediately. The announcement will affect approximately 39 employees at the site. The Tree Improvement Center and the Timberlands office will remain open and continue to operate in Bienville Parish near the Taylor community.

Demand for wood products continues to decline due to a slowdown in the housing market. Because of these challenging market conditions, the...(Read More)

Weyerhaeuser Company Declares Dividend

Tue, 07 Jul 2009 05:30:00

The board of directors of Weyerhaeuser Company (NYSE: WY) on July 6 declared a dividend of 5 cents per share on the common stock of the corporation payable Aug. 31, 2009 to shareholders of record at the close of business July 31, 2009.

"Although our guidance for the recently completed quarter remains unchanged, the economic outlook for our businesses continues to be challenged and uncertain," said Dan Fulton, president and chief executive officer. "We are taking many actions,...(Read More)

Weyerhaeuser to Release Second Quarter Earnings on July 31

Wed, 24 Jun 2009 06:00:00

Weyerhaeuser Company (NYSE: WY) will release second quarter 2009 results on July 31 before the market opens. The company will hold a live conference call at 7 a.m. Pacific (10 a.m. Eastern) on July 31 to discuss second quarter results.

To access the conference call from within North America, dial 1‑877‑941‑6010 at least 15 minutes prior to the call. Those calling from outside North America should dial 1-480-629-9772. Replays will be available for one week at 1-800-406-7325 (access...(Read More)

Lenzing and Weyerhaeuser launch pilot plant for novel TencelWeb™ nonwoven fabrics

Wed, 10 Jun 2009 06:00:00

Lenzing and Weyerhaeuser (NYSE: WY) have commissioned a pilot plant in Lenzing, Austria, to explore the commercial potential of TencelWeb™ — a new technology to produce nonwoven fabrics directly from lyocell.

The pilot plant gives the companies the opportunity to test the large-scale production of this cellulose-based nonwoven fabric for use in industrial and personal care products. TencelWeb™ provides an alternative to petroleum-based nonwovens by applying both meltblown and...(Read More)

All iLevel by Weyerhaeuser Facilities Certified to SFI or PEFC

Wed, 27 May 2009 05:30:00

As a part of a broad commitment to corporate social responsibility, iLevel by Weyerhaeuser announced that all of its structural framing materials are certified to Sustainable Forestry Initiative Inc.^® (SFI^®) fiber sourcing or SFI or Programme for the Endorsement of Forest Certification schemes (PEFC) chain-of-custody standards.

iLevel, Weyerhaeuser’s integrated residential framing business, providing both products and unified building solutions, has now achieved...(Read More)

Weyerhaeuser Company Foundation To Donate $100,000 For Grays Harbor Relief Agencies

Tue, 26 May 2009 15:45:00

The Weyerhaeuser Company Foundation today announced it will award $100,000 to relief agencies in Grays Harbor County.

The state of Washington, not unlike the rest of the country, is currently dealing with the challenges presented by the recent upset economic conditions. Grays Harbor is one of the counties that has been affected most by the recent downturn in the economy.

“Weyerhaeuser has been a part of the Grays Harbor Community for nearly 100 years and we are committed...(Read More)

Weyerhaeuser To Hold Annual Investor Meeting on May 29

Thu, 07 May 2009 08:00:00

Weyerhaeuser Company (NYSE: WY) will hold its annual investor meeting at 9 a.m. Eastern on May 29 in New York City at the Sofitel Hotel, 45 West 44^th St.

To register, please go to: http://meetings.weyerhaeuser.com/event/408349. The meeting will be webcast beginning at 9 a.m. Eastern at Read More)

Weyerhaeuser Reports 1st Quarter Loss

Tue, 05 May 2009 05:30:00

Weyerhaeuser Company (NYSE: WY) today reported a net loss of $264 million for the first quarter, or $1.25 per share, on net sales of $1.3 billion.

This compares with a net loss of $148 million, or $0.70 per share, on net sales from continuing operations of $2.0 billion for the same period last year.

SIGNIFICANT FIRST QUARTER 2009 AFTER-TAX ITEMS

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Weyerhaeuser Names Hunter VP of Southern Timberlands

Mon, 04 May 2009 13:00:00

Weyerhaeuser Company (NYSE: WY) today announced that Rhonda Hunter has been named vice president–Southern Timberlands effective June 1.

In her new role, Hunter will oversee the operation of 4.1 million acres of timberlands in Alabama, Arkansas, Louisiana, Mississippi, North Carolina and Oklahoma.

She will report directly to Mike Branson, senior vice president – Timberlands.

Hunter succeeds Tom Holmes who will return to Canada and plans to retire later this...(Read More)

Weyerhaeuser Announces Change in Operating Posture in 2009 for the Forest Learning Center

Mon, 04 May 2009 06:00:00

Weyerhaeuser Company (NYSE: WY) today announced it is adjusting the operating posture for the Forest Learning Center for 2009.

The change will reduce the hours and days that the entire facility is open for the 2009 season. The Forest Learning Center will be open from May 16th through September 7th, Friday through Sunday only and from the hours of 10am until 4pm. The indoor exhibits will also be available on the anniversary date of the Mt St Helens Eruption (May 18), as well as Memorial...(Read More)

Weyerhaeuser to Consolidate Log Exporting Facilities in Washington State; Bay City Sorting Yard to Close

Mon, 27 Apr 2009 09:00:00

Weyerhaeuser Company (NYSE: WY) will close its Bay City log export facility in Aberdeen, Wash., affecting some 54 employees. The facility will inventory and clear remaining logs from the yard over the next 30 days before closing permanently.

“We are taking this action due to continued weak demand for wood and wood products,” said Rich Wininger, vice president of Weyerhaeuser’s Western Timberlands operations. “We will consolidate log sorting and exporting at our other facilities in the...(Read More)

Weyerhaeuser Company Declares Dividend

Thu, 16 Apr 2009 06:00:00

The board of directors of Weyerhaeuser Company (NYSE: WY) on April 16 declared a dividend of 25 cents per share on the common stock of the corporation payable June 1, 2009, to shareholders of record at the close of business May 1,...(Read More)

Weyerhaeuser to Release First Quarter Earnings on May 5

Mon, 13 Apr 2009 15:20:00

Weyerhaeuser Company (NYSE: WY) will release first quarter 2009 results on May 5 before the market opens. The company will hold a live conference call at 7 a.m. Pacific (10 a.m. Eastern) on May 5 to discuss first quarter results.

To access the conference call from within North America, dial 1‑800-240-4186 at least 15 minutes prior to the call. Those calling from outside North America should dial 1‑303‑262-2053. Replays will be available for one week at 1‑800-405-2236 (access code...(Read More)

Warren named president of Maracay Homes

Mon, 13 Apr 2009 05:30:00

Andy Warren has been appointed president of Weyerhaeuser Real Estate Company subsidiary Maracay Homes in Phoenix, Ariz., effective April 27.

Warren is a 25-year veteran of the residential construction industry. Most recently, he spent five years as a partner and chief operating officer of EYA, a private builder-developer in Bethesda, Md. Prior to that, he was with WRECO’s Winchester Homes in the Washington, D.C., metro area. During his 16 years with Winchester, he held a variety of...(Read More)

When is a Negative Really a Positive?

Thu, 02 Apr 2009 06:00:00

When built with wood, a typical American home stores more greenhouse gases than the average car emits in a year.

Depending on the manufacturing scenario, wood wall studs, floor joists, and sheathing panels can be carbon negative, meaning that they remove and store more climate-changing carbon dioxide (CO2) from the air than is required to make and use them. As a result, wood-framed homes can play a positive role in helping reduce greenhouse gas emissions.

To save energy and be...(Read More)

NAHB Research Center Grants First “Green Approved” Product Seals of Approval to iLevel by Weyerhaeuser

Thu, 19 Mar 2009 06:00:00

The NAHB Research Center introduces its “Green Approved” product seal of approval, and recognizes structural frame products from iLevel by Weyerhaeuser with the first certificates under the new designation. The mark is intended to provide third-party evidence that building products meet specific scoring criteria for homes seeking certification to the National Green Building Standard™ (the Standard), a consensus-developed...(Read More)

Weyerhaeuser Announces Wood Products Mill Closures in Oklahoma and Oregon

Tue, 17 Mar 2009 06:05:00

Weyerhaeuser Company (NYSE: WY) today announced it will close its iLevel® lumber mills in Wright City, Okla., and Dallas, Ore., effective immediately. The announcement will affect approximately 307 employees.

"Demand for wood products continues to decline due to a slowdown in the housing market," said Tom Gideon, executive vice president, Forest Products. "Unfortunately, extraordinarily weak market conditions in the homebuilding industry require that we take decisive...(Read More)

Weyerhaeuser Company Announces Wood Products Mill and Distribution Center Closures

Tue, 10 Mar 2009 15:35:00

Weyerhaeuser Company (NYSE: WY) today announced that it will indefinitely close its iLevel® veneer and engineered wood mills in Evergreen, Ala., and Dodson and Simsboro, La., and its TimberStrand® mill in Chavies, Ky. The company also announced the permanent closure of iLevel service centers in Albuquerque, N.M.; Cincinnati and Columbus, Ohio; and Las Vegas and Reno, Nevada. The announcement will affect approximately 480 employees at nine locations.

"Demand for wood...(Read More)

Weyerhaeuser Reports Fourth Quarter Results

Fri, 06 Feb 2009 05:30:00

Weyerhaeuser Company (NYSE: WY) today reported a net loss of $1.212 billion for the fourth quarter, or $5.73 per share, on net sales from continuing operations of $1.8 billion. Last year, Weyerhaeuser reported a fourth quarter net loss of $63 million, or 30 cents per share, on net sales from continuing operations of $2.5 billion.

For the full year 2008, Weyerhaeuser reported a net loss of $1.176 billion, or $5.57 per share, on net sales from continuing operations of $8...(Read More)

Weyerhaeuser Announces Mill Closures at Pine Hill

Thu, 05 Feb 2009 14:00:00

Weyerhaeuser announced today that it will indefinitely close its iLevel® veneer and lumber mills in Pine Hill, Ala., effective immediately. The announcement will affect approximately 300 employees at the site.

Demand for wood products continues to decline due to a slowdown in the housing market. As a result of these challenging market conditions, the Pine Hill facilities will close for an indefinite period of time while we continue to balance supply with...(Read More)

Weyerhaeuser Names Risco VP – International Operations

Fri, 30 Jan 2009 14:05:00

Weyerhaeuser Company (NYSE: WY) today announced that Marvin (Ray) Risco has been named vice president-International Operations effective Jan. 26.

In his new role, Risco will oversee Weyerhaeuser’s existing international operations. In addition, he will be the focal point to support the company in current and new ventures. Risco also has shared responsibilities with the controller’s office for corporate oversight of the international operations.

Read More)

Weyerhaeuser Announces Closures of Two Washington Mills

Mon, 26 Jan 2009 16:45:00

Weyerhaeuser Company (NYSE: WY) today announced the immediate closure of two mills in Washington state due to weak market conditions.

The closures include:

The permanent shutdown of the Aberdeen sawmill with a capacity to produce 200 million board feet of lumber.
The permanent shutdown of the Pacific Veneer mill in Aberdeen. The mill has the capacity to produce 210 million square feet of veneer.

“We fully understand the major effect of these...(Read More)

OrganicID™ Produces Functional Simplified 13.56/EPC-compatible RFID Tag

Wed, 14 Jan 2009 10:00:00

OrganicID™ today announced it has successfully fabricated a simplified CMOS 13.56MHz RFID device that includes much of the critical circuitry needed for an EPC-compatible device. The design of this more extensive, fully EPC-compatible Radio Frequency Identification (RFID) tag, which includes electrically programmable non-volatile memory, is expected to be completed soon.

This RFID tag is expected to be usable with currently available high-frequency RFID hardware in the...(Read More)

Weyerhaeuser to Release Fourth Quarter Earnings on Feb. 6

Mon, 12 Jan 2009 05:30:00

Weyerhaeuser Company (NYSE: WY) will release fourth quarter 2008 results on Feb. 6 before the market opens. The company will hold a live conference call at 7 a.m. Pacific (10 a.m. Eastern) on Feb. 6 to discuss fourth quarter results.

To access the conference call from within North America, dial 1‑800‑240‑2134 at least 15 minutes prior to the call. Those calling from outside North America should dial 1‑303‑262‑2194. Replays will be available for one week at 1‑800‑405‑2236 (access code –...(Read More)

Weyerhaeuser Company Foundation Donates $50,000 For Storm Relief Efforts in Lewis County

Fri, 09 Jan 2009 12:30:00

The Weyerhaeuser Company Foundation today announced it has awarded $50,000 to the United Way of Lewis County to support relief and rebuilding efforts in areas of the county affected by the recent storms and flooding.

“Our thoughts are with everyone affected by the flooding,” said Bruce Amundson, president of the Weyerhaeuser Company Foundation. “Along with the efforts currently underway by our employees in the area, we are pleased to support the United Way in its work to help these...(Read More)

Williamson to Succeed Rogel as Weyerhaeuser Chairman

Mon, 05 Jan 2009 05:35:00

Weyerhaeuser Company (NYSE: WY) today announced that the board of directors has elected Charles R. Williamson, 60, to become non‑executive chairman following the planned retirement of Steven R. Rogel, 66, on April 15.

Williamson joined Weyerhaeuser’s board in 2004, serving as the lead director since 2006. He currently chairs the executive committee and serves on the compensation and finance committees.

“Since joining our board, Chuck has played an essential role in the...(Read More)

Murdy Appointed to Weyerhaeuser Board of Directors; Mazankowski Announces Retirement

Mon, 05 Jan 2009 05:30:00

Weyerhaeuser Company (NYSE: WY) today announced that Wayne W. Murdy, 64, will join the board of directors effective Jan. 15 following the planned retirement of Rt. Hon. Donald F. Mazankowski, 73, later this month.

“Wayne Murdy’s background in finance, natural resource management and international business complements the skills and experience of an already outstanding board,” said Steven R. Rogel, chairman. “Wayne’s experience and insight will be critical as our company works to unlock...(Read More)

Weyerhaeuser News Releases

Weyerhaeuser Announces Cash Tender Offer for Up to $500 Million Principal Amount of its 6.750% Notes due March 15, 2012

Bedient, Burrows to Present at D.A. Davidson Conference

Weyerhaeuser Reports 3rd Quarter Results

Weyerhaeuser to build cellulose fibers processing facility in Gdansk, Poland

Weyerhaeuser Company Declares Dividend

Weyerhaeuser to Release Third Quarter Earnings on October 30

ICC-ES® SAVE™ Program First to Evaluate Products to Multiple Green Building Rating Systems

Weyerhaeuser Named to Dow Jones Sustainability Index

Bedient to Represent Weyerhaeuser at J.P. Morgan Conference

Weyerhaeuser Completes Sale of Commercial Business to Atlas Holdings LLC

Weyerhaeuser to Sell 140,000 Acres of Non-Strategic Timberlands in Oregon

Weyerhaeuser Reports 2nd Quarter Loss

Weyerhaeuser's 2008 Sustainability Performance Available Online

Weyerhaeuser Closes all Tree Farms to Public Access due to Extreme High Fire Danger in the Pacific Northwest

Weyerhaeuser Reminds Forest Visitors to Call Toll-Free Hunter/Recreational Use Hotlines in Oregon and Washington

Weyerhaeuser Announces Mill Closure near Taylor

Weyerhaeuser Company Declares Dividend

Weyerhaeuser to Release Second Quarter Earnings on July 31

Lenzing and Weyerhaeuser launch pilot plant for novel TencelWeb™ nonwoven fabrics

All iLevel by Weyerhaeuser Facilities Certified to SFI or PEFC

Weyerhaeuser Company Foundation To Donate $100,000 For Grays Harbor Relief Agencies

Weyerhaeuser To Hold Annual Investor Meeting on May 29

Weyerhaeuser Reports 1st Quarter Loss

Weyerhaeuser Names Hunter VP of Southern Timberlands

Weyerhaeuser Announces Change in Operating Posture in 2009 for the Forest Learning Center

Weyerhaeuser to Consolidate Log Exporting Facilities in Washington State; Bay City Sorting Yard to Close

Weyerhaeuser Company Declares Dividend

Weyerhaeuser to Release First Quarter Earnings on May 5

Warren named president of Maracay Homes

When is a Negative Really a Positive?

NAHB Research Center Grants First “Green Approved” Product Seals of Approval to iLevel by Weyerhaeuser

Weyerhaeuser Announces Wood Products Mill Closures in Oklahoma and Oregon

Weyerhaeuser Company Announces Wood Products Mill and Distribution Center Closures

Weyerhaeuser Reports Fourth Quarter Results

Weyerhaeuser Announces Mill Closures at Pine Hill

Weyerhaeuser Names Risco VP – International Operations

Weyerhaeuser Announces Closures of Two Washington Mills

OrganicID™ Produces Functional Simplified 13.56/EPC-compatible RFID Tag

Weyerhaeuser to Release Fourth Quarter Earnings on Feb. 6

Weyerhaeuser Company Foundation Donates $50,000 For Storm Relief Efforts in Lewis County

Williamson to Succeed Rogel as Weyerhaeuser Chairman

Murdy Appointed to Weyerhaeuser Board of Directors; Mazankowski Announces Retirement