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Federal Way, Wash.-based Weyerhaeuser will close a mill in Okanagan Falls, British Columbia, while modernizing a sawmill in Princeton, B.C.
The move is part of a restructuring effort for the company’s operations in the southern interior area of British Columbia, Weyerhaeuser said. The plans include investing $5.5 million in 2007 to modernize the mill, a process that is expected to take about two years.
"The decision to close the Okanagan Falls mill and to reinvest in Princeton was taken after a thorough review of how best to strengthen our long-term competitive position in the southern interior," said Craig Neeser, president of Weyerhaeuser.
In British Columbia, Weyerhaeuser will continue to retain sawmills in Princeton and associated timber harvesting operations, as well as a hardwood sawmill and an engineered wood plant in the lower mainland area.