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.