Plum Creek Timber Company Inc (NYSE:PCL)

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Volume: 23.0K
SECTOR
Finance
INDUSTRY
Real Estate Investment Trusts
MARKET CAP
$7.8B

Company Description

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.

Contact Information

Plum Creek Timber Co., Inc.
999 3rd Avenue
Seattle Washington 98104-4096
P:(206) 467-3600
Investor Relations:

Employees

Shareholders

Other institutional37.46%
Mutual fund holders35.45%
Individual stakeholders0.74%

Top Executives

Rick R. HolleyChief Executive Officer & Director
Thomas M. LindquistPresident & Chief Operating Officer
David W. LambertChief Financial Officer & Senior Vice President
Mark A. MillerChief Information Officer & Vice President
James A. KraftSecretary, Senior Vice President & General Counsel

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