Plum Creek mills report $9 million loss
| May 8, 2008 |  View for printing |
Plum Creek's manufacturing segment, which includes mills, here, reported a $9 million operating loss for the first quarter of this year, which compares to a $1 million loss in the first quarter of 2007.
The company says that average lumber prices were 6 percent lower than the same period as a year ago.
Still the company isn't expecting any large layoffs, Tom Ray, general manager for Northwest Resources said. Ray said some short-term job reductions at the small log section of its sawmill here are forthcoming this month. But that's due to spring break-up and a shortage of smaller logs, he said, not lumber markets.
By CHRIS PETERSON / Hungry Horse News
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