|Exchange:||New York Stock Exchange|
|Stock:||Plum Creek Timber Co Inc|
|Industry:||Lumber & Wood Production|
|Plum Creek Timber Co Inc, a Delaware Corporation, is a real estate investment trust. The Company is the private timberland owner in the United States. It owned 6.6 million acres of timberlands located in 19 states. The Company manages its timberlands in two business segments: the Northern Resources Segment, consisting of timberlands in Maine, Michigan, Montana, New Hampshire, Oregon, Vermont, Washington, West Virginia and Wisconsin; and the Southern Resources Segment, consisting of timberlands in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina and Texas. In addition, its Other Segment includes its natural resource businesses that focus on opportunities relating to mineral extraction, natural gas production and communication and transportation rights of way resulting from the Company’s property ownership. The Real Estate Segment comprises its sales and better use timberlands, and sales of non-strategic timberlands, including from time to time, sales of blocks of timberlands. The Company’s Real Estate Segment includes development of certain properties, internally and through third party ventures. Its Manufactured Products Segment, also conducted through its wholly-owned taxable REIT subsidiaries, 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 Company produces a number of softwood lumber products, including common, select and edge-glued boards, studs and finger-jointed studs. These facilities, strategically located near its Montana timberlands, convert logs to lumber, plywood and other wood products, and convert chips, sawdust and wood shavings to MDF. The Company’s umber and plywood facilities obtain approximately half of their logs from its Montana timberlands. Its timberlands currently supply high-quality logs and preferred timber species to its lumber and plywood facilities. The Company competes with numerous private and industrial timberland owners as well as federal and state agencies across the Southern United States. The Company’s operations are subject to federal, state and local environmental laws and regulations, including laws relating to water, air, solid waste and hazardous substances and the requirements of the Federal Occupational Safety and Health Act and comparable state statutes relating to the health and safety of its employees.|
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.