Weyerhaeuser could cut back mill operations
NEW YORK (MarketWatch) -- Weyerhaeuser Co., the world's largest producer of plywood for home building, said Monday that it might offset eroding demand for its wood products through mill closures and production curtailments.
In early August, Weyerhaeuser (WY) reported second-quarter net earnings plunged more than 89% to $32 million primarily because of the slumping U.S. housing market's impact on wood product sales.
As someone at http://calculatedrisk.blogspot.com eloquently said:
You can only fake an economy for so long.