industrialinfo.com - Sales of Assets Keep Weyerhaeuser Afloat in 3Q08

North America Coverage

International Coverage

North American Industrial

International Industrial

Niche Databases

PECWeb Access

PECWeb Overview

Software Solutions

Navigating the Currents of Change

Industry Today Webcast

Industry News Alerts

Industry Forecasts

Online Plant Directory

Industrial Market Maps

Contact Mailing Lists

Premium News Subscription

Industry Today Webcast

Email Campaigns

Banner Advertising

Press Release Services

Premium News Article

Sales of Assets Keep Weyerhaeuser Afloat in 3Q08

SUGAR LAND--November 4, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Weyerhaeuser Company (NYSE:WY) (South Federal Way, Washington) has posted a third-quarter profit of $280 million, up from $101 million in the same period last year, through one-time gains from the sale of its packaging business to International Paper (NYSE:IP) (Memphis, Tennessee) and its Australian operations. However, excluding the sales gains, the company posted a loss of $3 million. "There is little doubt that we're facing extraordinary market conditions," President and CEO Daniel Fulton said. Industrial Info is tracking nine active Weyerhaeuser project worth $49 million. The projects range from a $1 million maintenance shutdown to a $25 million oxygen delignification system addition at a pulp mill.

Read the Complete Article >>>

Details on this Article:
Industry Segment: Pulp & Paper
Word Count: 383 Words

Listen to Today's News

News Audio Library

Sync News Podcasts

Login or Register now for instant access!

Related Articles

Domtar Awards Jacobs Engineering Contract to Reconfigure Plymouth Paper Mil...

Canadian Pulp and Paper Mills Investing in Power Plant Projects

Weyerhaueser Plans Power Plant Expansion at Longview Site

Canada's Sole Unbleached Linerboard Mill Set to Close

Pulp & Paper Assets in Uruguay Exchanged Between Finnish Paper Companies

This article is available for Premium Members only.

Subscribe Now! All Fields are Required...

Upgrade your Premium News Subscription to include all archived articles for only $160. Contact Member Services: 800-762-3361

All Members Receive the Following Free Resources:

North American Project & Gap Spending

North American Plant Analysis by Industry & Market Region

Market Maps & Stats - Capital & Maintenance Activity

Current & Historic Economic Indicators

30/60/90 Day Weather Forecast