SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
June 19, 1997
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(Date of earliest event report)
WEYERHAEUSER COMPANY
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(Exact name of registrant as specified in charter)
Washington 1-4825 91-0470860
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation or Number)
organization)
Tacoma, Washington 98477
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(Address of principal executive offices)
(zip code)
Registrant's telephone number, including area code:
(253) 924-2345
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Item 5. Other Events
On June 18, 1997, Weyerhaeuser Company issued the following press
release:
"PLYMOUTH, N.C. - Weyerhaeuser Company today announced it will
close its Plymouth Plywood facility as part of the company's long-
term strategy to align its wood product manufacturing facilities
with changing future sources of raw material. The company will
book charges associated with the closure during the second
quarter. The charges, which will be material to second quarter
earnings, will be more than offset by the positive effect in the
same period of the previously announced sale of the Weyerhaeuser
Mortgage Company.
The company is closing the facility rather than modernizing it
due to current market conditions and high raw material values.
In addition, Plymouth Plywood lacks an independent energy source,
a problem also requiring a substantial investment.
Consistent with Weyerhaeuser's strategy of continually upgrading
the assets in its core businesses, the company is examining
opportunities to modernize existing North Carolina lumber
operations to match the planned change in raw material.
Weyerhaeuser owns and manages more than 550,000 acres of
timberland across 26 eastern North Carolina counties. The
company has been practicing High Yield Forestry for 30 years and
expects to benefit from dramatic increases in its timber harvest
over the next 20 years. Weyerhaeuser currently operates 18 units
or facilities in North Carolina. In addition to timberlands,
these facilities include wood products manufacturing; pulp and
paper manufacturing and real estate development.
Weyerhaeuser Company is one of the largest integrated forest
products companies in the world. Its principal businesses are
Timberlands and Wood Products; Pulp, Paper and Packaging; and
Real Estate. It is the world's largest private owner of
merchantable softwood timber and producer of softwood lumber and
market pulp. It also is one of North America's largest
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producers of forest products and recyclers of office wastepaper,
newspaper and corrugated boxes."
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
WEYERHAEUSER COMPANY
By /s/ K. J. Stancato
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Its: Vice President and Controller
Date: June 19, 1997
