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Business Description
Weyerhaeuser Company is principally engaged in the growing and harvesting of timber and the manufacture, distribution and sale of forest products, real estate development and construction and other real estate-related activities. The Company's business segments are timberlands; wood products; pulp, paper and packaging, and real estate and related assets. The Company is engaged in the management of 5.9 million acres of Company-owned and .5 million acres of leased commercial forestland in North America (3.8 million acres in the South and 2.6 million acres in the Pacific Northwest and Canada). The Company's wood products businesses produce and sell softwood lumber, plywood and veneer; oriented strand board, composite and other panels; engineered lumber, hardwood lumber and treated products. The Company's pulp, paper and packaging businesses include pulp, paper, containerboard packaging, paperboard and recycling.

Financial Information
Weyerhaeuser is engaged in the growing and harvesting of timber and the manufacture, distribution and sale of forest products, real estate development and construction, and other real estate-related activities. For the 26 weeks ended 6/30/02, revenues rose 21% to $8.96 billion. Net income before extraordinary item fell 55% to $125 million. Results reflect an improved performance at the real estate division, offset by non-recurring charges related to facility closure.