*NEWS*WEYERHAEUSER TO SELL FORESTLAND

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*NEWS*WEYERHAEUSER TO SELL FORESTLAND

 user 2006-02-16 at 10:25:00 am Views: 100
  • #14330

    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.