Profile: Weyerhaeuser Co (WY.N)

Weyerhaeuser Company, formerly Weyerhaeuser Timber Company, incorporated in January 18, 1900, is a forest products company. The Company is engaged in growing and harvesting trees, builds homes and making a range of forest products. As of December 31, 2010, it had offices or operations in 11 countries and have customers worldwide. It manages 20.3 million acres of forests, of which it owns 5.7 million acres, lease 0.7 million acres and has renewable, long-term licenses on 13.9 million acres. The Company operates in five business segments: Timberlands, which include logs, timber, minerals, oil and gas and international wood products; Wood Products, which include softwood lumber, engineered lumber, structural panels and building materials distribution; Cellulose Fibers, which include pulp and liquid packaging board; Real Estate, which include real estate development, construction and sales, and Corporate and Other. In August 1, 2011, the Company sold its hardwoods business to American Industrial Partners. On September 30, 2011, it sold its Westwood Shipping Lines.

Timberlands

The Company’s Timberlands business segment manages 6.4 million acres of private commercial forestland worldwide. It owns 5.7 million of those acres and lease the other 0.7 million acres. In addition, it has renewable, long-term licenses on 13.9 million acres of forestland located in four Canadian provinces. The Company’s Timberlands business segment grows and harvests trees for use as lumber, other wood and building products and pulp and paper; exports logs to other countries where they are made into products; plants seedlings, and in parts of Canada it uses natural regeneration, to reforest the harvested areas u; monitors and cares for the new trees as they grow to maturity, and seeks to sustain and maximize the timber supply from its forestlands. Its timberlands assets are located primarily in North America. In the United States, it owns and manages sustainable forests in nine states for use in wood products and pulp and paper manufacturing. It owns or leases 4.0 million acres in the southern U.S. (Alabama, Arkansas, Louisiana, Mississippi, North Carolina, Oklahoma and Texas), and 2.0 million acres in the Pacific Northwest (Oregon and Washington). Its international operations are located primarily in Uruguay and China. In Uruguay, it owns 300,000 acres and has long-term leases on 26,000 acres. In China, it has long-term leases on 44,000 acres. In addition, it has renewable, long-term licenses on 13.9 million acres of forestland owned by the provincial government of four Canadian provinces.

Wood Products

The Company is a manufacturer and distributor of wood products primarily in North America and Asia. Its wood products segment provides a family of softwood lumber, engineered lumber, structural panels and other specialty products to the residential, multi-family and light commercial markets; delivers homebuilding solutions to help its customers meet their customers’ needs; sells its products and services through its owns sales organizations and distribution facilities, as well as building materials that it purchased from other manufacturers; sells certain products into the repair and remodel market through the wood preserving and home-improvement warehouse channels, and exports its softwood lumber and engineered building materials to Asia and Europe. The Company operates manufacturing facilities in the United States and Canada. It distributes through a combination of Weyerhaeuser and third-party locations.

Cellulose Fibers

The Company’s cellulose fibers segment is a producers of absorbent fluff used in products, such as diapers. It also manufactures liquid packaging board and other pulp products. It has a 50% interest in North Pacific Paper Corporation (NORPAC), a joint venture with Nippon Paper Industries that produces newsprint and high-brightness publication papers. The cellulose fibers segment provides cellulose fibers for absorbent products in markets worldwide; works closely with its customers to develop or specialized applications; manufactures liquid packaging board used primarily for the production of containers for liquid products, and generates energy, of which 84% is from black liquor produced at the mills and biomass. The Company's cellulose fibers (pulp) products are distributed through a global direct sales network, and its liquid packaging products are sold directly to carton and food product packaging converters in North America and Asia.

Real Estate

The Company’s Real Estate business segment includes its wholly owned subsidiary Weyerhaeuser Real Estate Company (WRECO) and its subsidiaries. The Real Estate segment focuses on constructing single-family housing and developing residential lots for its use and for sale. The Company's operations are concentrated in metropolitan areas in Arizona, California, Maryland, Nevada, Texas, Virginia and Washington.

Corporate and Other

The Company’s Corporate and Other segment includes certain gains or charges that are not related to an individual operating segment and the portion of items, such as share-based compensation, pension and postretirement costs, foreign exchange transaction gains and losses associated with financing and other general and administrative expenses that are not allocated to the business segments. It’s Corporate and other included the results of its transportation operations.