In response to recent changes in customer sentiment and order flow, Weyerhaeuser Company is dynamically adjusting operating capacity at certain of its manufacturing facilities.
For the month of April, the company expects to reduce operating capacity by approximately 20% for lumber, 15% for oriented strand board, and 15% to 25% for engineered wood products through a combination of temporary mill curtailments and reduced shift postures.
Weyerhaeuser, one of the world's largest private owners of timberlands, began operations in 1900. The company owns or controls approximately 11 million acres of timberlands in the U.S. and manages additional timberlands under long-term licenses in Canada.
