Weyerhaeuser will soon produce oriented strand board (OSB) for export to Japan, the company has announced. The OSB panels are used in both residential and commercial construction in Japan, as wall and roof sheathing and as structural flooring panels.
Weyerhaeuser is selling its hardwoods and industrial products business unit to American Industrial Partners (AIP).
AIP announced the "definitive agreement" Wednesday and said the deal should close in August.The new business will operate as Northwest Hardwoods Inc., headquartered in Tacoma, Wash., with operations in the United States, Canada, China, Japan and Hong Kong.
Backed by Japanese conglomerate Sumitomo Forestry Group, one of Australia’s largest home builders, Henley, has announced its intention to enter the U.S. market. Henley/Sumitomo began purchasing land in the Seattle area in advance of construction this summer.
Companies that specialize in retrofitting homes in California against earthquake damage are reporting a surge in business following the Japan earthquake, according to an article in the Los Angeles Times.
Firms interviewed by the newspaper said they are receiving a threefold increase in phone calls, particularly in Southern California, where the Northridge earthquake caused 60 deaths and 5,000 injuries in 1994.