Category Archives: Weyerhaeuser Company

Weyerhaeuser Company – Locations and Subsidiaries

Head Office
Weyerhaeuser Company
33663 Weyerhaeuser Way
South Federal Way
Washington 98063
USA
P:1 253 924 2345
F:1 253 924 2685
http://www.weyerhaeuser.com

Other Locations and Subsidiaries

Weyerhaeuser Realty Investors

Pine Solutions Australia

1301 Fifth Avenue

Gate 15 Shed L

Suite 3100

Francis Street

Seattle

Gillman

Washington 98101

Adelaide

USA

South Australia 5013

AUS

Weyerhaeuser Darbo SAS

Weyerhaeuser Mediland SAS

10899 Route de la Lande

Zone Industrielle

Linxe 40260

BP 50

FRA

Morcenx 40110

FRA

Weyerhaeuser Company – Key Employees

Name

Job Title

Board

Compensation

Daniel S. Fulton

President and Chief Executive Officer

Executive Board

Steven R Rogel

Chairman

Executive Board

1330931 USD

Debra A. Cafaro

Director

Non Executive Board

141548 USD

Mark A. Emmert

Director

Non Executive Board

John I. Kieckhefer

Director

Non Executive Board

141548 USD

Arnold G. Langbo

Director

Non Executive Board

151548 USD

Donald F. Mazankowski

Director

Non Executive Board

151548 USD

Nicole W. Piasecki

Director

Non Executive Board

141548 USD

Charles R. Williamson

Director

Non Executive Board

141548 USD

Richard H. Sinkfield

Director

Non Executive Board

151548 USD

D. Michael Steuert

Director

Non Executive Board

151548 USD

James N. Sullivan

Director

Non Executive Board

151548 USD

Kim Williams

Director

Non Executive Board

141548 USD

Patricia M. Bedient

Executive Vice President and Chief Financial Officer

Senior Management

514013 USD

Richard E Hanson

Executive Vice President and Chief Operating Officer

Senior Management

732473 USD

Thomas F. Gideon

Senior Vice President, Containerboard Packaging and Recycling

Senior Management

27507 USD

Edward P Rogel

Senior Vice President, Human Resources

Senior Management

Miles P. Drake

Senior Vice President, Research and Development, Chief Technology Officer

Senior Management

Kevin Shearer

Vice President, Information Technology and Chief Information Officer

Senior Management

Weyerhaeuser Company – History

Weyerhaeuser was founded in 1900 as Weyerhaeuser Timber Company, when Frederick Weyerhaeuser and his partners bought 900,000 acres of forestland in the Pacific Northwest. Production from its lumber mill began in 1915. The Wood Conversion company was established in 1921 to carry out research in applications for Balsam wood.

The company started operations of its first pulp and paper mill in 1931. In the 1950s, an overseas marketing subsidiary, Weyerhaeuser International was set up in Venezuela. Weyerhaeuser also expanded into Malaysia and the Philippines. In 1959, the company changed its name to Weyerhaeuser Company.

In the 1960s, the company purchased Wisconsin (US) based Roddis Plywood Company and added several new product lines. The company also acquired Hamilton Paper Company based in Pennsylvania (US). It acquired licensing rights to serve as managers and custodians of Canadian forestlands, where land ownership is publicly controlled. In the same decade, the company acquired the 1.8 million-acre Dierks Forests in Arkansas and Oklahoma. In 1963, Weyerhaeuser was listed on the New York Stock Exchange.The Weyerhaeuser real estate company (WRECO) began operations in 1969.

Weyerhaeuser entered the newsprint business through a joint venture with Jujo Paper Company of Japan in the 1970s. In 1979, the company and the North Pacific Paper (NORPAC) opened a mill in Longview, Washington (the US). The company opened its first recycling plant in Charlotte, North Carolina (the US) in the 1980s.

The company founded Weyerhaeuser Forestlands International in 1995 for the purpose of acquiring and managing timberland and related manufacturing operations outside North America. In 2002, Weyerhaeuser sold its Nipigon Multiply plywood underlayment operation to Columbia Forest Products. In the same year, Weyerhaeuser acquired Willamette Industries, to strengthen its position in nearly all of its core businesses.

In 2003, the company sold 168,000 acres of timberland in west-central Tennessee to Fountain Investments. In the same year, the Hancock Timber Resource Group acquired the Snoqualmie Tree Farm from Weyerhaeuser Company.

In 2004, Weyerhaeuser sold its Barnesville lumber mill to Jordan Forest Products. In the same year, the company signed an agreement with C&C Wood Products of Quesnel, British Columbia, to purchase the Grande Cache sawmill. Later in the year, Weyerhaeuser sold approximately 270,000 acres of timberland in Georgia.Weyerhaeuser acquired a two-thirds ownership in Aracruz Produtos de Madeira, a subsidiary of Aracruz Cellulose in the same year.

Weyerhaeuser sold its forestland and related operations in British Columbia to Brascan in early 2005. Later in the year, Weyerhaeuser became the first company to adopt the new Sustainable Forestry Initiative (SFI) chain of custody standard.

In 2006, Weyerhaeuser Real Estate Company (WRECO), a subsidiary of Weyerhaeuser, entered into a definitive agreement to acquire Maracay Homes, a privately-held homebuilder located in Phoenix, Arizona. In the same year, the company acquired Budres Lumber Company and consolidated its five separate ‘Residential Wood Products’ businesses into a single, unified business: iLevelTM, to provide better products and services to the residential construction market

Later in 2006, the company sold its six US composite mills in the US to Flakeboard Company, and combined its Fine Paper business and related assets with Domtar.The company acquired OrganicID, a developer of printed radio frequency identification devices and closed its two veneer technologies manufacturing operations in Oregon, in late 2006.

In January 2007, the company extended its exclusive agreement with Lowe’s to offer the full line of ChoiceDek composite decking products in Lowe’s Home Improvement Centers in the US. In the same month the company closed its Bauman sawmill in Lebanon. In the following month, the company’s US containerboard packaging plants earned sustainable forestry initiative (SFI) certification and became authorized to use the SFI Certified Sourcing product label.

The company divested its fine paper segment in March 2007, with Domtar. Chevron Corporation and Weyerhaeuser Company declared a letter of intent (LOI) to jointly assess the feasibility of commercializing the production of biofuels from cellulose-based sources, in April 2007.

The company expanded the square footage of its Tri-Wall box plant in Exeter, California by 50%, in May 2007. In the following month, Weyerhaeuser sold and transferred its Canadian building materials distribution assets to Platinum Equity of Los Angeles, California; and signed a purchase and sale agreement to transfer ownership of its veneer technologies operation in Elma, Washington to Murphy Company of Eugene, Oregon, and with Global Forest Partners (GFP) in a strategic move to focus Weyerhaeuser’s international timberland investment in South America.

During 2007, the company closed and sold its several entities. It sold its plywood mill in Springfield, Oregon to Pacific States Industries of San Jose, California, in July 2007.The company permanently closed its iLevel Trus Joist TJI joists plant in Claresholm, Alberta, and sold its Kamloops sawmill and associated timber harvesting rights to International Forest Products, in August 2007.

In connection with ongoing strategic review, the company converted its Dodson, Louisiana, plywood operation to a 100% veneer manufacturing operation; and stopped veneer production in Colbert, Georgia mill, in October 2007.The Colbert site started manufacturing Parallam, using veneer supply from Dodson and other Weyerhaeuser veneer operations in November 2007.

The company restructured its operations in the Southern Interior of British Columbia by closing its Okanagan Falls sawmill, and modernized its Princeton sawmill, in December 2007. In the same month, Weyerhaeuser closed its iLevel Veneer Technologies facility in Valdosta, Georgia.

In the early 2008, the company sold some of its operations and closed mills. Weyerhaeuser sold its iLevel European engineered wood products operations to Finnforest of Finland, part of the Metsaliitto Group; and closed its Baltimore corrugated packaging facility, in January; it closed two idled Saskatchewan facilities in Canada, and formed a 50-50 joint venture company focused on developing

the next generation of renewable transportation fuels from nonfood sources, in February. In March, it closed its iLevel Veneer Technologies Facility in Junction City, Oregon; Green Mountain Sawmill in Toutle, Washington; and Honolulu corrugated packaging facility. In the same month, the company sold its Containerboard Packaging and Recycling business to International Paper for $6 billion in cash.

Weyerhaeuser announced in May 2008, that Carter Holt Harvey begun a process to purchase the timber manufacturing operations and timber distribution business of the Weyerhaeuser Australia Group.

This offer included Pine Solutions Australia, Weyerhaeuser Australia, and GreenTriangle Forest Products manufacturing.

Weyerhaeuser sold its oriented strand board (OSB) plant located in Miramichi, New Brunswick, Canada, in June 2008.The company announced that it would indefinitely curtail operations at its Structurwood plant in Hudson Bay, Saskatchewan, by early July.

Weyerhaeuser Company – Key Facts

Head Office

Weyerhaeuser Company 33663 Weyerhaeuser Way South Federal Way Washington 98063 USA

Phone

1 253 924 2345

Fax

1 253 924 2685

Web Address

http://www.weyerhaeuser.com

Revenue / turnover (USD Mn)

16,308.0

Financial Year End

December

Employees

37,900

New York Stock Exchange Ticker

WY

Weyerhaeuser Company – Company Overview

Weyerhaeuser is an international forest products company. It is engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Weyerhaeuser operates in 13 countries and has customers worldwide. The company primarily operates in the US. It is headquartered in South Federal Way, Washington and employs 37,900 people as on December 30, 2007 (FY2007).

The company recorded revenues of $16,308 million during the fiscal year ended December 2007 (FY2007), a decrease of 12.7% compared with FY2006. The decrease in revenues was due to continued deterioration of the US housing market and declining in residential homebuilding in the US. The operating profit of the company was $406 million during FY2007, a decrease of 77.6% compared with FY2006. The net profit was $790 million in FY2007, an increase of 74.4% over FY2006.