Weyerhaeuser to Close iLevel Veneer Technologies Facility in Oregon
Federal Way, Washington, USA, 03 March 2008 -- Weyerhaeuser Company (NYSE:WY) today announced that it will permanently close its iLevel Veneer Technologies Facility in Junction City, Oregon, effective 03 March 2008.
Demand for engineered wood products has declined due to a slowdown in the housing market. As a result of these challenging market conditions, Weyerhaeuser will discontinue veneer drying operations at its Junction City facility and adjust production internally to meet customer orders.
The planned facility closure affects 56 employees. Affected workers will be counseled on specific details regarding benefits.
Weyerhaeuser employs approximately 3650 people in Oregon in a variety of businesses and manages approximately 1.1 million acres of timberland.
Weyerhaeuser Company, one of the world's largest forest products companies, was incorporated in 1900. In 2007, sales were USD 16.3 billion. It has offices or operations in 13 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser's businesses, products and practices is available at http://www.weyerhaeuser.com.