Raymond, Wash., named second
community to receive multi-year investment through the company's
THRIVE Program
SEATTLE, July 16,
2024 /PRNewswire/ -- Weyerhaeuser Company (NYSE:
WY) today announced a commitment to invest $1 million in Raymond,
Wash., through the company's THRIVE program, which was
launched in 2023 to provide targeted assistance to five of its
rural operating communities. Through the program, Weyerhaeuser will
make the investment over the next several years with significant
input from elected officials, employees, nonprofits, local business
leaders and other community partners.
"Supporting our rural operating communities is fundamental to
our long-term success at Weyerhaeuser," says Devin W. Stockfish,
president and chief executive officer. "We're excited to grow our
positive impact in Raymond through
the THRIVE program and help ensure all our communities remain great
places to live, work and do business for decades to come."
Located in Pacific County about
two hours southwest of Weyerhaeuser's Seattle headquarters, Raymond is the second community chosen for a
THRIVE investment. Weyerhaeuser has owned timberland in
Pacific County for more than 100
years and has operated a lumber mill in Raymond since the early 1930s. The company
currently employs more than 300 people in the community and
surrounding Willapa Hills region.
"We are honored and humbled to be selected as one of
Weyerhaeuser's first THRIVE communities," says Dee Roberts, mayor of Raymond. "Weyerhaeuser's roots run deep in
Pacific County, and we're excited
to work together through this new partnership to help strengthen
our community and region in the years to come."
Weyerhaeuser's THRIVE program is a key pillar of the company's
broader 3 by 30 Sustainability Ambition around rural communities
and goes far beyond the financial investment. In selected
communities, Weyerhaeuser leaders engage deeply with local
stakeholders to identify and prioritize the challenges to be
addressed through long-term collaboration, investment and advocacy.
Potential opportunities in Raymond
include workforce development, job training and youth
education.
"Raymond has been an important
community to Weyerhaeuser for a long time," says Nancy Thompson, senior director of Advocacy and
Philanthropy. "This is a great opportunity for us to give back, and
we're looking forward to sitting down with local leaders, listening
to their ideas and coming up with a plan for how best to leverage
our resources for the long-term benefit of the community and
region."
Zwolle, La., and the northwest
Louisiana region was named the
first THRIVE community last November. The three remaining THRIVE
communities will be announced as they are selected, starting next
year. Selected communities represent areas where Weyerhaeuser has a
significant presence and a history of employee and leadership
engagement; where there are opportunities to take advantage of
external resources, such as federal or state infrastructure grants,
to strengthen advocacy efforts; and where Weyerhaeuser can partner
with other employers, nonprofits and community leaders to amplify
efforts and impact on the ground.
ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the
world's largest private owners of timberlands, began
operations in 1900 and today owns or controls approximately 10.5
million acres of timberlands in the U.S., as well as 14 million
acres of timberlands managed under long-term licenses
in Canada. Weyerhaeuser has been a global leader in
sustainability for more than a century and manages 100 percent of
its timberlands on a fully sustainable basis in
compliance with internationally recognized sustainable forestry
standards. Weyerhaeuser is also one of the largest manufacturers
of wood products in North America and operates
additional business lines around real estate, climate
solutions, energy and natural resources, among others. In 2023, the
company generated $7.7 billion in net sales and employed
approximately 9,300 people who serve customers worldwide. Operated
as a real estate investment trust, Weyerhaeuser's common stock
trades on the New York Stock Exchange under the symbol WY. Learn
more at www.weyerhaeuser.com.
For more information contact:
Analysts –
Andy Taylor, 206-539-3907
Media – Nancy Thompson,
919-861-0342
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SOURCE Weyerhaeuser Company