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MISCELLANEOUS > NEWS > 2007
8th June 2007
Weyerhaeuser Co., one of the world's largest lumber and paper producers, said this week it will sell its veneer plant in the Grays Harbor County town of Elma.
The Elma plant, about 50 miles west of Weyerhaeuser's headquarters in the south Seattle suburb of Federal Way, produces up to 165 million square feet of 3/8-inch green and dry veneer per year, which Weyerhaeuser has used to make engineered support beams for homes.
The plant currently employs about 60 people.
Weyerhaeuser has more than a dozen other veneer plants across the United States, in Alabama, Arkansas, Georgia, Louisiana, Oregon, West Virginia, and in Alberta, and British Columbia, Canada.
Shares of Weyerhaeuser were down $1.34, or 1.65 % on the news, to close at $80.06 Thursday on the New York Stock Exchange.