SEATTLE, Sept. 14, 2020 /PRNewswire/ -- Weyerhaeuser
Company (NYSE: WY) today announced the company is making an
immediate $150,000 donation to the
Red Cross to support emergency response efforts in communities
affected by wildfires in the Pacific Northwest, and particularly in
Oregon. With multiple fires still
burning across that state, tens of thousands of residents have been
displaced, and countless homes and structures destroyed. The full
scope of impacts is not yet clear, and Weyerhaeuser is committed to
supporting affected people and communities as they assess the
damage and begin the recovery process.
"These fires have brought devastation and trauma to many
communities where our employees live and work," said Devin W.
Stockfish, president and chief executive officer. "This donation is
just a first step in helping these communities recover, and we know
it could take many months or years for some to build back and heal.
Our company has been operating in the Pacific Northwest since 1900,
and we're going to continue to stay engaged and make sure all these
areas are able to recover and thrive again."
Weyerhaeuser manages approximately 1.6 million acres of forests
in Oregon and 1.3 million acres of
forests in Washington. The company
operates three mills in Oregon and
two mills in Washington, one
building materials distribution center in each state, and several
nurseries, orchards and offices across both states.
As previously disclosed, several of the fires have reached the
company's timberlands, but it is too soon to assess the affected
acreage or potential business impact. The company will evaluate
conditions on the ground when it is safe to do so and will provide
more information as appropriate. All Weyerhaeuser employees are
currently safe and accounted for, and the company will continue to
assist state and federal agencies with fire-suppression
efforts.
"Our focus right now is on keeping our people safe and out of
harm's way during this challenging situation," said Stockfish. "Our
thoughts are with everyone affected by this disaster, and we thank
the firefighters and first responders working to save lives and
contain the fires as quickly as possible."
ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the
world's largest private owners of timberlands, began operations in
1900. We own or control approximately 11 million acres of
timberlands in the U.S. and manage additional timberlands under
long-term licenses in Canada. We
manage these timberlands on a sustainable basis in compliance with
internationally recognized forestry standards. We are also one of
the largest manufacturers of wood products in America. Our company
is a real estate investment trust. In 2019, we generated
$6.6 billion in net sales and
employed approximately 9,400 people who serve customers worldwide.
We are listed on the Dow Jones Sustainability North America Index.
Our common stock trades on the New York Stock Exchange under the
symbol WY. Learn more at www.weyerhaeuser.com.
For more information contact:
Analysts –
Beth Baum, 206-539-3907
Media – Nancy Thompson,
919-861-0342
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SOURCE Weyerhaeuser Company