PORTLAND, Ore., Feb. 12 /PRNewswire/ -- Willamette Industries' (NYSE:WLL)
Board of Directors today declared a quarterly dividend of $.16 per share on
Willamette's common stock. The dividend is payable on March 13, 1998
to shareholders of record on February 23, 1998.
In other news, the Board announced it had approved a letter of intent to
purchase MDF D'Aquitaine, a plant that produces 110,000 cubic meters of medium
density fiberboard in southwestern France. Willamette said the plant, built
in 1989, will help develop its MDF business in Europe, serving southern
European customers that are currently not reached by its Irish plant.
The Board also approved the installation of a new line at the company's
Millersburg, Oregon laminated veneer lumber plant that will increase the
plant's current production of 1.6 million cubic feet of LVL by 50%.
Willamette Industries is an integrated forest products company with
103 manufacturing facilities and 1.8 million acres of timberlands.
Full copy of this is available on Willamette's website @ http://www.wii.com
SOURCE Willamette Industries
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Related links:
http://www.wii.com
CONTACT:
Catherine Baldwin Dunn of Willamette
Industries, 503-273-5642
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