Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
Items just for you
New publication added! Advertising Arguments 2015 book
Free Downloads
Search
My Profile
Login
Management Side
Technical Side
Longview Fibre Co. To Close Leavenworth Sawmill
Print
Longview, Washinton, USA, 11 October 2006 – Longview Fibre Company (NYSE:LFB) today announced that it intends to close its sole sawmill operation, located near Leavenworth, Washington, within the next 60 days. The company is continuing to seek a buyer for the sawmill as part of its previously announced plan to potentially sell certain operating assets, including the Leavenworth sawmill.

Richard H. Wollenberg, president, chief executive officer, and chairman of the board, said, "Production of lumber is not a core part of our business as we move forward with our previously announced operating plan. We recognize the work of the many employees who have contributed over the years to the operation."

The company built the sawmill in 1991. The sawmill currently employs approximately 100 people. The mill's yearly production capacity has averaged 65 to 70 million board feet of lumber products. The company said it intends to process the remaining log inventory into marketable lumber as the mill phases into full closure scheduled in December.

About Longview Fibre Company

Longview Fibre Company is a diversified timberlands manager and a specialty paper and container manufacturer. Using sustainable forestry methods, the company manages approximately 589,000 acres of softwood timberlands predominantly located in western Washington and Oregon, primarily for the sale of logs to the U.S. and Japanese markets. Longview Fibre's manufacturing facilities include one of the largest pulp-paper mills in North America at Longview, Washington; a network of 15 converting plants in 12 states; and the sawmill near Leavenworth, Washington. The company's products include logs, corrugated and solid-fiber containers, commodity and specialty kraft paper, paperboard, and dimension and specialty lumber. Longview Fibre press releases, SEC filings, and Annual Reports are available at no charge through the company's Web site at www.longviewfibre.com.


FORWARD-LOOKING STATEMENTS

Except for historical information, the statements made in this press release are forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on certain assumptions or estimates, discuss future expectations, describe future plans and strategies, contain projections of results of operations or of financial condition or state other forward-looking information. The company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Although the company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, actual results and performance could differ materially from those set forth in the forward-looking statements. Forward-looking statements in some cases can be identified by the use of words such as "may," "will," "should," "potential," "intend," "expect,"
"seek,""anticipate," "estimate," "believe," "could," "would," "project,"
"predict," "continue," "plan," "believe," "propose" or other similar words or expressions. The forward-looking statements in this press release include statements concerning the company's plans to close its sawmill operations and its plans to potentially sell operating assets including the sawmill and eight converted product plants in the central and eastern U.S. Forward-looking statements are based on the company's estimates and projections on the date they are made, and are subject to a variety of risks and uncertainties. Actual events, circumstances or results could differ materially from those anticipated by the company or reflected in the forward-looking statements due to a variety of factors. Readers are cautioned not to place undue reliance on any of the forward-looking statements in this press release, which reflect the views of company management as of the date hereof. The company cannot guarantee future results, levels of activity, performance or achievements. The company does not undertake any obligation to update any of the forward-looking statements contained in this press release. For additional information about factors that could impact future results, see the risk factors in the company's registration statement on Form S-3 filed with the SEC on June 27, 2006, and in subsequent filings with the SEC.


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: