SOURCE: Industrial Info Resources

Industrial Info Resources

February 06, 2012 06:50 ET

Weyerhaeuser, Domtar Survive Late-2011 Drop in Pulp Prices, but Expect No Increase Soon, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Feb 6, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Weyerhaeuser Company (NYSE:WY) (Federal Way, Washington) and Domtar Corporation (NYSE:UFS) (Montreal, Quebec), two of the largest North American forest product companies, reported revenues and profits for fourth-quarter and full-year 2011 that were lower than those from the previous year, as seasonal slowdowns and a plunge in global pulp prices negatively affected the industry.

Net income for Weyerhaeuser was reported to be $65 million for the fourth quarter, compared with $171 million in the fourth quarter of 2010, and $331 million for the year, compared with $1.28 billion in 2010. Net earnings for Domtar stood at $61 million for the quarter, compared with $325 million in the same period last year, and $365 million for the year, a 39.67% decrease from 2010.

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