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TRUS JOIST MACMILLAN SECURES COMMITMENT FOR NEW PLANT SITE

 BOISE, Idaho, May 17 /PRNewswire/ -- Trus Joist MacMillan announced today that it has secured the commitment of the State of Kentucky to assist in providing 100 acres of land in Eastern Kentucky for use as the site of its second TimberStrand(TM) laminated strand lumber (LSL) facility. Although the project has not yet received final board of directors approval nor is it currently on a definitive timetable, the company intends to begin site-specific engineering and the governmental approval process.
 If all goes as planned, the facility, which might cost as much as $100 million and would employ 120 people, would be put on a firm timetable by late summer and become operational in early 1995. The company is also doing preliminary planning on a third site at a yet-to- be-announced location.
 TimberStrand LSL is a developmental proprietary engineered lumber technology. It utilizes long strands of wood produced from low-cost pulp wood tree species such as aspen and poplar. The technology is currently being developed and introduced to the residential construction and specialty millwork markets from the company's first TimberStrand LSL facility located in Deerwood, Minn. This facility, which began initial production in late 1991, is still losing money and continues to experience start-up problems. However, progress is being made, and the technology offers sufficient promise that the company believes it appropriate to begin preliminary work on additional facilities.
 The company emphasized, however, that the decision to exercise its option on the property in Kentucky, and then to proceed with construction would depend on satisfying several contingencies. These include an improvement in the TimberStrand LSL manufacturing process so that the products consistently meet high-strength structural product engineering specifications, a material reduction in production costs at the company's Deerwood facility, and a determination that increased TimberStrand LSL production capacity is financially feasible in light of current market conditions and the company's liquidity and capital resources.
 "We look forward to an exciting future, focusing on our unique laminated strand lumber technology," said Tom Denig, president and chief executive officer of the joint venture. "When all contingencies are met, we will move quickly to establish at least one -- and possibly two -- new TimberStrand LSL manufacturing plants."
 TJ International (NASDAQ: TJCO), a Boise-based specialty building products company, is the majority owner and managing partner of Trus Joist MacMillan, a structural composite lumber joint venture with MacMillan Bloedel (NASDAQ: MMBLF).
 -0- 5/17/93
 /CONTACT: Craig Bodmer, 208-375-4450, or after hours, 208-336-2464, or Dede Ryan, 208-375-4450, or after hours, 208-344-3319, both of Trus Joist MacMillan/
 (TJCO MMBLF)


CO: Trus Joist MacMillan; TJ International; MacMillan Bloedel ST: Idaho IN: PAP SU:

SM-LM -- SE013 -- 9293 05/17/93 14:06 EDT
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Publication:PR Newswire
Date:May 17, 1993
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