{"id":14062,"date":"2005-12-06T00:00:00","date_gmt":"2005-12-05T22:00:00","guid":{"rendered":"http:\/\/www.bio-based.eu\/news\/index.php?startid=20051206-06n"},"modified":"2005-12-06T00:00:00","modified_gmt":"2005-12-05T22:00:00","slug":"weyerhaeuser-announces-intent-to-sell-composite-panels-business","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/weyerhaeuser-announces-intent-to-sell-composite-panels-business\/","title":{"rendered":"Weyerhaeuser announces intent to sell composite panels business"},"content":{"rendered":"<p><b>To strengthen shareholder returns and sharpen the focus of its business portfolio, <a href=\"http:\/\/www.weyerhaeuser.com\/\" >Weyerhaeuser Company<\/a> (NYSE: WY) announced it is seeking to sell its composite panels business.<\/b><\/p>\n<p>The composite panels business has been a strong performer for Weyerhaeuser, but is a small component of the company\u2019s wood products business. The mills produce either medium density fibreboard (MDF) or particleboard and are located in Albany, Ore.; Bennettsville, S.C., Eugene, Ore.; Malvern, Ark.; Simsboro, La.; and Clonmel, Ireland.<\/p>\n<p>&#8220;As part of our ongoing portfolio review, we have determined that the composite panels business is not a strategic fit for Weyerhaeuser,\u201d said Steven R. Rogel, chairman, president and chief executive officer. &#8220;We believe that the skilled employees at these highly competitive and efficient mills will provide greater value for a new owner who is more focused on this line of business products.\u201d<\/p>\n<p>Weyerhaeuser will continue to operate the composite panels mills while it seeks new ownership. The North American mills have the capacity to produce a total of 1.1 billion square feet, while the Clonmel mill has a capacity of 230 million square feet. About 1,000 employees work in the mills.<\/p>\n<p>Weyerhaeuser Company (NYSE: WY), one of the world&#8217;s largest integrated forest products companies, was incorporated in 1900. In 2004, sales were $22.7 billion. It has offices or operations in 19 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. <\/p>\n","protected":false},"excerpt":{"rendered":"<p><b>To strengthen shareholder returns and sharpen the focus of its business portfolio, Weyerhaeuser Company (NYSE: WY) announced it is seeking to sell its composite panels<\/b><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[],"supplier":[],"class_list":["post-14062","post","type-post","status-publish","format-standard","hentry","category-bio-based"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/14062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=14062"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/14062\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=14062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=14062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=14062"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=14062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}