Weyerhaeuser, one of the world's largest forest products companies, says the actions would result in an after-tax charge of $21 million, or 10 cents per share, when it reports fourth quarter results on Jan. 23, 2002. In 2000, Weyerhaeuser posted sales of $16 billion.
The 101-year-old operation says it will permanently close a softwood lumber mill at Mountain Pine, Ark. and a White Pine sawmill and k3 particleboard plant, both in Vancouver, British Columbia, and a few more facilities in Durango, Mexico.
In afternoon trading, shares of Weyerhaeuser were trading at $54.40 apiece, up $0.57 on the day, but still about $9 off of its 52-week high of $63.50 on May 17, 2001.
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