Companies in the timber industry / Daily News / Sawmilling / Statistics / Wood Products / Global / North America
March 13, 2017
Weyerhaeuser plans to invest US$ 300 million in its wood products business in 2017
Weyerhaeuser Co. is planning capital expenditure on its wood products business of some US$300 million in 2017, with US$135 million planned for timberlands. The company’s CEO Doyle Simons told analysts in a financial conference call on Feb. 3 the $300 million “is in line with what we've done over the last couple of years,” adding that the primary focus in the wood products operation “is low-risk, high-return projects that drive down our overall cost structure. . . . With that said, some of those projects do in fact result in de-bottlenecking and ...
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