STATEMENT BY CHARLES P. GRENIER, ROCKY MOUNTAIN REGION VICE PRESIDENT, PLUM CREEK TIMBER CO., L.P.
SEATTLE, July 19 /PRNewswire/ -- "We believe this transaction is in the best long-term interests of Montana." "The Champion timberlands are in Plum Creek's primary operating area, and the timber types on it fit well with our product lines. Many of the Champion lands are immediately adjacent to Plum Creek's, which will allow a more efficient flow of logs to Montana mills, provide some forestry operating efficiencies, and allow us to manage the combined lands as an ecosystem. Plum Creek will immediately begin to apply its Environmental Principles to the management of these lands. These principles guide all Plum Creek forest management decisions and mandate our foresters to consider a full range of environmental concerns, including water and air quality, species diversity, aesthetics and wildlife. "Applying its current practices to the Champion lands, Plum Creek would use various selective harvest techniques on at least 90 percent of the harvest units, and use clearcutting only as a last resort. "We have found that we do best when we concentrate on our core businesses: Managing forest lands and serving selected specialty lumber and plywood markets. The mills owned by Champion are geared toward commodity lumber and plywood products, which do not fit with Plum Creek's marketing strategies. "Relying on our expertise as an effective manager of forest lands, we are negotiating a 10-year contract to supply Stimson Lumber with a total of one billion board feet of timber. This length of contract is virtually unheard of in a commodity industry such as timber, and will provide a stable base for Stimson to build on for the long term. This volume of timber can be responsibly grown and harvested on the Champion lands without compromising the environment. "Over half the timber presently supplied to Champion mills comes from federal and other non-Champion sources. The long-term future of these mills will continue to be dependent, in part, on the availability of public timber supply." -0- 7/19/93 /CONTACT: Charles P. Grenier, 406-892-6201; or Sharon Kanareff, 800-535-0631, both of Plum Creek Timber Co./ (PCL)
CO: Plum Creek Timber Company, L.P. ST: Washington, Montana IN: PAP SU:
TX-SB -- SE019 -- 3328 07/19/93 21:08 EDT
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|Date:||Jul 19, 1993|
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