Weyerhaeuser temporarily idles lumber mill in West Virginia, several distribution facilities along US East Coast because of Hurricane Sandy; CEO says rebuilding efforts will create tight markets for wood products

Wendy Lisney

LOS ANGELES , October 31, 2012 (Industry Intelligence Inc.) –

One lumber mill and several distribution facilities owned by Weyerhaeuser Co. along the East Coast were temporarily shut down because of Hurricane Sandy, said Weyerhaeuser CEO Dan Fulton, reported CNBC LLC on Oct. 30.

Some “short-term disruption” in the supply of wood products such as lumber can be expected in the aftermath of the hurricane as rebuilding gets under way, and this could affect the U.S. housing market, Fulton said.

In the distribution system, supply channels are already experiencing tightness and production is strong, he said, noting that this trend is expected to continue into the fourth quarter, CNBC reported.

The hurricane caused Weyerhaeuser’s lumber mill in West Virginia to shut down on Tuesday after it lost power as a result of snowfall, said Fulton, noting that several of the company’s distribution facilities were still down.

However, the operations all remain in good shape and some shifts could resume this evening, Fulton said on Tuesday, noting that the flow of shipments will depend on how quickly customers can restart their businesses.

Weyerhaeuser’s distribution facilities along the East Coast include those in Easton and Pittsburgh, Pennsylvania; Richmond, Virginia; and Baltimore, Maryland, reported CNBC.

The primary source of this article is CNBC LLC, Englewood Cliffs, New Jersey, on Oct. 30, 2012.
 

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