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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (44541)10/31/2005 5:14:04 PM
From: benwood  Read Replies (1) of 110194
 
Picked up this interesting tidbit from my brother who works at Weyerhaeuser. They are closing a mill he's worked at in Aberdeen that's been in business for 86 years, plus a pulp mill down the road. The exported jobs of their customers resulted in them sending raw materials overseas for several years, but now those customers are cutting ties and buying locally. The company cites that plus industry overcapacity problems.

Anyway, the main reason they closed the lumber mill he says is that they are forecasting a serious downturn in lumber products starting about 12 months from now with a very bad '07 and an even worse '08. It kind of jibes with the train wreck aftermath I think.
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