Plum Creek Timber Co., Inc.

Plum Creek Timber Co., Inc.

Sector: Logging Region: WA, United States

: | New York Stock Exchange: PCL

Plum Creek Timber Co., Inc. is a timberland owner in the United States. The company's timberlands are well diversified, not only geographically, but also by species mix and age distribution. It operates through five business segments: Northern Resources, Southern Resources, The Real Estate, Manufacturing Products and Others. The Northern Resources segment consists of timberlands in Maine, Michigan, Montana, New Hampshire, Oregon, Vermont, Washington, West Virginia and Wisconsin. The Southern Resources segment consists of timberlands in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina and Texas. The Real Estate segment comprises sales of higher and better use timberlands and sales of non-strategic timberlands, including from time to time, sales of large blocks of timberlands. It includes development of certain properties, internally and through a third party venture. The Manufactured Products segment operates through its wholly-owned taxable REIT subsidiaries, which includes two lumber mills, two plywood mills, two medium density fiberboard production lines, one lumber remanufacturing facility in Idaho and one lumber remanufacturing facility in Montana. The Montana facilities is strategically located near company's timberlands, convert logs to lumber, plywood and other wood products, and convert chips, sawdust and wood shavings to medium density fiberboard. The Others segment includes its natural resource businesses that focus on opportunities for oil and natural gas production, mineral extraction, wind power and communication and transportation rights of way. The company was founded in 1989 and is headquartered in Seattle, WA.

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