WEYERHAEUSER PAPER TO SELL FORESTLAND

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WEYERHAEUSER PAPER TO SELL FORESTLAND

 user 2006-02-16 at 10:24:00 am Views: 41
  • #14126

    Weyerhaeuser to sell forestland and sawmill
    February 2006 – Wellington: Weyerhaeuser has said that one of its joint ventures will sell 67,000 hectares (166,000 acres) of forests and a sawmill in New Zealand.
    Jointly owned by a subsidiary of Weyerhaeuser and RII New Zealand Forests I, a timber investment fund, the assets are situated in the Nelson/Marlborough regions at the top of the South Island.
    Weyerhaeuser recently reported a Q4 net loss on substantial charges for closing some of its paper and timber facilities.