Weyerhaeuser Co. announced Tuesday, March 10, that it will indefinitely close its iLevel veneer and engineered wood mills in Evergreen, Ala., and Dodson and Simsboro, La., and its TimberStrand mill in Chavies, Ky. The company also announced the permanent closure of iLevel service centers in Albuquerque, N.M.; Cincinnati and Columbus, Ohio; and Las Vegas and Reno, Nevada.
The news followed announcements in January and February that the timber giant would indefinitely close its iLevel veneer and lumber mills in Pine Hill, Ala., and shut down a sawmill and a veneer mill in Aberdeen, Wash.
In all cases, the slumping market for homes was the reason. "Demand for wood products continues to decline due to a slowdown in the housing market, and virtually all of our operating facilities are experiencing reduced operations," Tom Gideon, executive vice president, forest products, said in a March 10 news release.
On Feb. 6, Weyerhaeuser reported a net loss of $1.212 billion for the fourth quarter of 2008 versus a loss of just $63 million in the year-earlier quarter. Net sales from continuing operations totaled $1.8 billion in the fourth quarter against $2.5 billion in the final three months of 2007.
For the full year 2008, Weyerhaeuser reported a net loss of $1.18 billion on net sales from continuing operations of $8 billion. This compares with net earnings of $790 million on net sales from continuing operations of $10.8 billion for 2007.
Weyerhaeuser said it will continue to operate its 26 other building materials distribution sites.