announce Closure and Sales of Plants in US and Canada
One of the world’s largest
integrated companies of forest products, Weyerhaeuser Co. (WY.N)
announced on Friday that it will be closing or selling some of its
plants and to expect more changes in the future.
The factories that are going to be
closed are manufacturing containerboard, packaging and paper bags. This
just one of the latest in a sequence of realignments that Weyerhaeuser
Co. has planned.
The Federal Way headquartered in
Washington will close their Plymouth, North Carolina plant permanently
and 200 employees will be affected. The factory manufactures
350,000-ton-per-year of containerboard.
Other corrugated packaging plants
will be closed in the next few months. They are located in Bedford
Heights, Ohio; Elmira Heights, New York; Little Rock, Arkansas; and
Matthews, North Carolina.
Pulaski, Tennessee and Waco, Texas
will also close the corrugated sheet feeder plants. The retail paper
bag plant will close in Kansas City, Missouri.
There are four plants up for sale.
The corrugated sheet plants in Little Rock, Arkansas; Memphis,
Tennessee; and Shreveport, Louisiana and the specialty packaging plant
in Valley View, Ohio will soon be sold. They did not specify who would
be the potential purchasers.
Also announced is closure of two
paper machines in Canada strictly due to supply and demand plus cost of
manufacturing being too high. There will be over 800 employees
Weyerhaeuser would not disclose the
total number of employees that will be losing their jobs.
Best Syndication Staff Writer
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