Weyerhaeuser Announces Closure of Green Mountain Sawmill

Business Wire, March 7, 2008

FEDERAL WAY, Wash. -- Weyerhaeuser Company (NYSE:WY) today announced that it has accelerated plans to permanently close its Green Mountain Sawmill in Toutle, Wash. due to weak demand for wood products.

The mill, originally scheduled to close at the end of August, will now close May 1. Weyerhaeuser will adjust production internally to meet customer orders.

The planned facility closure, which affects 100 associates, was a difficult decision according to Rob Taylor, vice president of iLevel Lumber Technology. Affected associates will be counseled on specific details regarding benefits.

"Weyerhaeuser made the difficult decision to close this plant," Taylor said. "This is an exceptional workforce," he said. "Our associates worked diligently to make this mill safe and productive."

Weyerhaeuser announced in 2007 that it would build a new lumber mill in Longview, which is slated for startup in 2008. The company employs approximately 7,000 people in Washington in a variety of businesses and manages approximately 1.1 million acres of timberland.

Weyerhaeuser Company, one of the world's largest forest products companies, was incorporated in 1900. In 2007, sales were $16.3 billion. It has offices or operations in 13 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser's businesses, products and practices is available at http://www.weyerhaeuser.com.