Weyerhauser Reports Second Quarter Results
Weyerhaeuser Company (NYSE: WY) today net earnings to common shareholders of $196 million, or 35 cents per diluted share, for the second quarter. As there were no special items this period, this compares with net earnings before special items of $47 million, or 9 cents per diluted share, for the same period last year. Net sales for the second quarter of 2013 totaled $2.1 billion, compared with net sales of $1.8 billion for the second quarter of 2012.
“This was a milestone quarter for Weyerhaeuser,” said Dan Fulton, president and chief executive officer. “We moved forward both strategically and operationally with the acquisition of Longview Timber LLC and by delivering strong operating results in this improving housing market.”
The plant manager of the Columbus branch said the company recently hired six new employees and it will begin another round of hiring in a couple of weeks.
Gourmet Garage To Close
The Gourmet Garage,a food boutique and restaurant owned by Beth Gunter, will be closing its doors. The business left the following post on its Facebook page Tuesday:
“After 3 great years of the proprietor of The Gourmet Garage I have chosen to take another position that will enable me to spend more time with my family; consequently I have decided to eventually close the business. We will remain open on a limited basis through this transition. This week I am having a freezer sale Tuesday and Wednesday (August 6th & 7th) from 11:00-2:00. Casseroles, sides, and soups will be available for purchase that will help with this busy back to school time! The business and its contents (equipment, tables, chairs, furniture, and various other items) are for sale. I will post pictures of some items that I have. For any inquiries please contact me at 662-574-4515. Thank you for all your business and support!”
NMCD To Build Steel Plant Without Severstal
According to profit.ndtv.com/, NMDC Ltd, India’s largest iron ore producer, is going it alone with a project to build a 3 million-tonne-a-year steel plant without Russian partner Severstal.
Analysts and industry officials had previously said that Severstal was unlikely to go ahead with the project because the Indian government, owner of NMDC, was not keen on giving the Russian company a majority stake.
NMDC’s chairman’s comments follow a decision last month by steelmaker ArcelorMittal and South Korea’s POSCO to abandon two separate steel projects in India with total capacity of 18 million tonnes due to certain delays, including delays in acquiring land and mining rights.