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Weyerhaeuser Company to Partner with Arkansas for New TimberStrand® Facility
Nov 18, 2024•over 1 year ago
Contract Type
partnership
SeattleManufacturingReal EstateConstruction
Description
Weyerhaeuser Company has announced a plan to invest an estimated $500 million in building a new TimberStrand® facility near Monticello and Warren, Arkansas. This is expected to create 200 high-quality jobs in the south Arkansas region and provide an additional outlet for the company's fiber logs in Arkansas.
Company Information
Company
Weyerhaeuser Company
Location
Seattle, Washington, United States
About
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of wood products in North America. Our company is a real estate investment trust. In 2022, we generated $10.2 billion in net sales and employed approximately 9,200 people who serve customers worldwide. Our common stock trades on the New York Stock Exchange under the symbol WY.
SeattleManufacturingReal EstateConstruction