CLARESHOLM, Alberta, June 22 /CNW/ -- Weyerhaeuser Company (NYSE: WY)
today announced it will permanently close its iLevel(TM) Trus Joist(R) TJI(R)
joists plant in Claresholm, Alberta, effective Aug. 30, 2007.
The decision to close the plant that employs 85 people was difficult,
according to Cathy Slater, Weyerhaeuser's vice president of Veneer
"Weyerhaeuser made the difficult decision after a strategic review of the
company's TJI(R) joist business," Slater said. "The decline in housing starts
in the North American market provides the impetus for this decision. After
careful consideration of all the options, a decision was made to close this
The company will provide the affected employees with severance pay as
well as job-transition services and counseling, consistent with company
"Our first priority is supporting the people who will be affected by this
shutdown," Slater said. "Our associates work diligently to make our plants
safe and competitive. Today's announcement is a reflection of the challenging
business environment we face."
The Claresholm plant was built by Trus Joist in 1966 and acquired by
Weyerhaeuser in 1999. With annual production capacity of 30 million lineal
feet, the Claresholm plant is the smallest of the seven TJI(R) joist
facilities Weyerhaeuser owns.
Weyerhaeuser Company (NYSE: WY), one of the world's largest forest
products companies, was incorporated in 1900. In 2006, sales were $24.8
billion ($21.9 billion US). It has offices or operations in 18 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.
Weyerhaeuser Company Limited, a wholly owned subsidiary, has Exchangeable
Shares listed on the Toronto Stock Exchange under the symbol WYL. Additional
information about Weyerhaeuser's businesses, products and practices is
available at http://www.weyerhaeuser.com.
For more information contact::
Canadian media - Wayne Roznowsky (780) 512-1372; (780) 539-8832
U.S. media - Frank Mendizabal (253) 924-3357
Trade publications - Shawn Watson (253) 924-4691
For further information:
For further information: Canadian media, Wayne Roznowsky,
+1-780-512-1372, +1-780-539-8832; or U.S. media, Frank Mendizabal,
+1-253-924-3357; or Trade publications, Shawn Watson, +1-253-924-4691, all
for Weyerhaeuser Company Web Site: http://www.weyerhaeuser.com