Top U.S. Lumber Maker Sees Decade of Strong Building Demand
- Weyerhaeuser eyes potential timberland and mill acquisitions
- Canfor plans to build new $160 million sawmill in Louisiana
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The home-building and renovation boom could keep wood demand strong for the next decade, the biggest U.S. lumber producer said Tuesday.
In anticipation, Weyerhaeuser Co. is eyeing forests and sawmills so it can expand output of boards and planks, Chief Executive Officer Devin Stockfish told the Nareit REITweek 2021 Investor Conference on Tuesday. The Seattle-based company already owns 11 million acres of American timberland.