Weyerhaeuser Buys 69,000 Acres
Weyerhaeuser is purchasing 69,200 acres of high-quality Alabama timberlands from Soterra, a subsidiary of Greif, Inc., for $149 million. The acquisition comprises highly productive timberlands in southwest Alabama, 100 miles north of Mobile.
Weyerhaeuser points to the well-stocked timber inventory, including 76% plantation acreage with average age of 14 years, and an opportunity for increased productivity over time
“These timberlands are located in favorable markets and well-integrated with our existing supply chain, and we have strong relationships with a diverse and reliable set of customers in the area,” says Devin Stockfish, President and CEO.
Weyerhaeuser owns or manages nearly 600,000 acres and operates two mills and a nursery in Alabama.
Latest News
North American Hardwood Exports Stagnate Along With Global Economy
In October, stagnant to deteriorating economic conditions reduced North American hardwood exports to some markets, and curtailed growth to several others. Most notably, European markets were quieter in October amid growing economic anxiety. Japanese demand…
USDA Offers $2 Million For Taller Timber Building Designs
A competition run by the United States Department of Agriculture (USDA) is offering a $2 million prize for new design ideas that will allow taller wood structures to be built in the country. The Tall…
A Hardwood Heads Up
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Article by Rich Donnell, Editor-in-Chief, Timber Processing 2014 This issue includes articles on two hardwood sawmill operations—one in Michigan, the other in Georgia, vastly different in size, but both finding their…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.