PORTLAND, Ore., Sept. 13 /PRNewswire/ -- Willamette Industries Inc.
(NYSE: WLL) has selected Marlboro County, South Carolina, for the site of a
new particleboard plant which the company previously announced in August,
1999.
The plant, which will cost $85 million and have a capacity of 210 million
square feet per year, will have a continuous press line to make a variety of
thicknesses of high-quality particleboard. Construction should begin in early
2000, with the plant coming on-line late in 2001.
Willamette Industries is an integrated forest products company with
101 plants, located in the U.S., France, Ireland and Mexico. The company owns
1.7 million acres of forestland in the U.S. and manages it sustainably to
produce building materials, composite wood panels, fine paper, office paper
products, corrugated packaging and grocery bags.
Forward-looking statements in this release are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to risks and uncertainties and
actual results could differ materially from those projected. Such risks and
uncertainties include, but are not limited to, the effect of general economic
conditions; the level of new housing starts and remodeling activity; the
availability and terms of financing for construction; competitive factors,
including pricing pressures; the cost and availability of wood fiber; the
effect of natural disasters on the Company's timberlands; construction delays;
risk of nonperformance by third parties; and the impact of environmental
regulations and other costs associated with complying with such regulations.
Please refer to Willamette Industries' Securities and Exchange Commission
filings for further information
SOURCE Willamette Industries, Inc.
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Related links:
http://www.wii.com
Company News On-Call:
http://www.prnewswire.com/comp/971763.html or fax,
800-758-5804, ext. 971763
CONTACT:
E. Jane Sinnema of Willamette Industries,
Inc., 503-227-5581
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