Weyerhaeuser Restarts Plant as Housing Demand Grows

Federal Way, Wash.-based Weyerhaeuser (NYSE: WY  ) is bulking up to accommodate the housing boom.

On Friday, Weyerhaeuser announced plans to restart production at its factory in Evergreen, Ala., where the company produces Trus Joist TJI joists and Microllam LVL beams for housing construction.

These engineered lumber production lines have been closed for the past four years, owing to "previously weak wood products demand in North America," according to the company. The U.S. Census Bureau's most recent report on housing starts showed 6% growth  in July and that year-to-date, housing starts are up 24% over 2012 levels.

Commenting in the company's press release, Weyerhaeuser engineered lumber products manufacturing manager Jan Marrs said: "Customer demand for engineered wood products has improved over the last year and our Evergreen facility is the ideal location to add production capacity of our Trus Joist TJI Joists and Microllam LVL building products."

Weyerhaeuser's Evergreen Trus Joist facility is capable of producing 2 million cubic feet of Microllam LVL and 120 million lineal feet of TJI Joists per year. Restarting these production lines is expected to add 100 jobs at the plant by the end of next year.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2607840, ~/Articles/ArticleHandler.aspx, 11/26/2014 10:22:38 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement