Pope & Talbot

January 25, 2006 14:18 ET

Pope & Talbot Announces Continued Operation of the Midway Sawmill

PORTLAND, Ore.--(CCNMatthews - Jan 25, 2006) -

Pope & Talbot, Inc. (NYSE:POP) today announced that it would be operating the Midway sawmill and dry kilns on a one-shift basis beyond the previously announced closure date of March 31, 2006.

The Company is continuing with its plan to expand and modernize its Grand Forks sawmill, which is expected to produce 255 million board feet of lumber, as well as plane an additional 95 million board feet of lumber produced at Midway. The logs to support the additional Midway production will come from purchases outside the region, consistent with the Company's past practices.

"Higher lumber prices and lower duty rates have allowed us to reconsider our Midway closure plans," stated Michael Flannery, Chairman and Chief Executive Officer. "We are hopeful that these plans will lessen the impact on our employees, the Village of Midway and provide additional lumber for our customers."

Pope & Talbot is dedicated to the pulp and wood products businesses. The Company is based in Portland, Oregon and traded on the New York Stock Exchange under the symbol POP. Pope & Talbot was founded in 1849 and produces pulp and softwood lumber in the U.S. and Canada. Markets for the Company's products include: the U.S.; Europe; Canada; South America; Japan; and other Pacific Rim countries. For more information on Pope & Talbot, please check the website www.poptal.com.

Contact Information

  • Pope & Talbot, Inc.
    Richard K. Atkinson, 503-228-9161