We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Weyerhaeuser to Close Lumber and Plywood Mill in Montana
Read MoreHide Full Article
Forest product manufacturer and supplier Weyerhaeuser Company (WY - Free Report) recently announced its decision to permanently shut down its lumber and plywood mill in Columbia Falls, MT.
As revealed, this strategic move by Weyerhaeuser has been primarily triggered by the low capacity utilization of the mill in the wake of shortages of logs in the area. By closing the mill by August end or early September, the company hopes to better align the capacities of remaining mills, including lumber and plywood mills in Kalispell and a medium-density fiberboard mill in Columbia Falls, with the region’s logs supply.
In addition, Weyerhaeuser plans to add shifts to its Kalispell mills as well as move its Montana office to Seattle headquarters.
We believe such strategic decisions will enable Weyerhaeuser to boost its profitability in the quarters ahead. Earlier this month, the company signed a deal with Nippon Paper Industries Co., Ltd. to sell its liquid packaging board business for approximately $225 million while in May, it had agreed to sell its Cellulose Fibers pulp mills for approximately $2.2 billion cash to International Paper Company (IP - Free Report) . Such dispositions will enable the company concentrate on its core timber, land, and forest products business. However, the company is still working on finding a suitable alternative for its publishing papers joint venture facility.
Weyerhaeuser, with a market capitalization of $21.4 billion, currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the building products industry include Louisiana-Pacific Corp. (LPX - Free Report) and Universal Forest Products Inc. (UFPI - Free Report) , both carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Weyerhaeuser to Close Lumber and Plywood Mill in Montana
Forest product manufacturer and supplier Weyerhaeuser Company (WY - Free Report) recently announced its decision to permanently shut down its lumber and plywood mill in Columbia Falls, MT.
As revealed, this strategic move by Weyerhaeuser has been primarily triggered by the low capacity utilization of the mill in the wake of shortages of logs in the area. By closing the mill by August end or early September, the company hopes to better align the capacities of remaining mills, including lumber and plywood mills in Kalispell and a medium-density fiberboard mill in Columbia Falls, with the region’s logs supply.
In addition, Weyerhaeuser plans to add shifts to its Kalispell mills as well as move its Montana office to Seattle headquarters.
WEYERHAEUSER CO Price
WEYERHAEUSER CO Price | WEYERHAEUSER CO Quote
We believe such strategic decisions will enable Weyerhaeuser to boost its profitability in the quarters ahead. Earlier this month, the company signed a deal with Nippon Paper Industries Co., Ltd. to sell its liquid packaging board business for approximately $225 million while in May, it had agreed to sell its Cellulose Fibers pulp mills for approximately $2.2 billion cash to International Paper Company (IP - Free Report) . Such dispositions will enable the company concentrate on its core timber, land, and forest products business. However, the company is still working on finding a suitable alternative for its publishing papers joint venture facility.
Weyerhaeuser, with a market capitalization of $21.4 billion, currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the building products industry include Louisiana-Pacific Corp. (LPX - Free Report) and Universal Forest Products Inc. (UFPI - Free Report) , both carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>