WEYERHAEUSER <WY> SEES HIGHER 1987 EARNINGS
Weyerhaeuser Co said it should
have significant increases in earnings in 1987 and 1988 should
be another very good year.
    Weyerhaeuser reported 1986 earnings of 276.7 mln dlrs, or
1.91 dlrs per share, on 5.65 billion dlrs in revenues.
    Anticipated improved cash flows will allow the company to
invest and acquire much more aggressively than it has in the
past few years, Weyerhaeuser also said.
    Weyerhaeuser, principally a lumber products company, said
the forecast was made by the company's chief financial officer
during a meeting of institutional investors in Tokyo.
    It also said its expects to see opportunities in the
building products area, particularly in composite panels and in
other engineered products directed toward specific, rather than
commodity, end-use markets.
    But it said growth may be higher in added-value products,
in financial services and in other diversified businesses.
    In addition, the company said rising product prices and
demand for pulp and paper are reflected in all the major world
markets, except in the case of some light-weighted paper grades
where overcapacity remains a problem.
    Weyerhaeuser further stated that it has lowered its
manufacturing cost structure and is obtaining significant
productivity increases.
 Reuter
