Weyerhaeuser
Weyerhaeuser Company is an American forest products company based in Tacoma, Washington. It is the third largest pulp and paper company in the world, with operations in the United States, Canada, Australia, New Zealand, China, Mexico and Uruguay. It has approximately 57,000 employees.
| Financial Information | ||
|---|---|---|
| 2002 | 2001 | |
| Net Sales (US$M) | 18,521 | 14,545 |
| Net Earnings (Loss) (US$M) | 241 | 354 |
Its stock symbol on the NYSE is WY.
Weyerhaeuser was founded in January 1900 by Frederick Weyerhaeuser and 15 partners with 900,000 acres of Washington state timberland. In 1929 the company built what was then the world's largest sawmill in Longview, Washington. In 1931, the company started producing pulp at its pulp mill in Longview, which sustained it financially through the Great Depression. In 1959 the company changed its name to Weyerhaeuser Company, eliminating the word "Timber" to better reflect its operations. In 1965 Weyerhaeuser built its first bleached kraft pulp mill in Canada.
