| Business Summary | | U.S.
Timberlands
Company
LP
is
engaged
in
the
growing
of
trees
and
the
sale
of
logs
and
standing
timber.
The
Company
owns
approximately
553,000
fee
acres
of
timberland
and
cutting
rights
on
approximately
3,000
acres
of
timberland
(collectively,
the
Timberlands)
containing
total
merchantable
timber
volume,
estimated
as
of
January
1,
2001
to
be
approximately
1.5
billion
board
feet,
in
Oregon
east
of
the
Cascade
Range
(the
Timberlands).
Logs
harvested
from
the
Timberlands
are
sold
to
unaffiliated
domestic
conversion
facilities.
The
Company
also
owns
and
operates
its
own
seed
orchard
and
produces
approximately
five
million
conifer
seedlings
annually
from
its
nursery,
approximately
half
of
which
are
used
for
its
own
internal
reforestation
programs,
with
the
balance
sold
to
other
forest
products
companies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TIMBZ
sells
logs
and
standing
timber
to
third-party
wood
processors
which
are
then
processed
for
sale
as
lumber,
plywood
and
other
wood
products
for
use
in
home
construction
and
general
industrial
applications.
For
the
six
months
ended
6/30/01,
revenues
fell
53%
to
$16.8
million.
Net
loss
applicable
to
Unitholders
totaled
$17.2
million
vs.
an
income
of
$3.3
million.
Results
reflect
lower
timber
deed,
stumpage
and
log
sales,
decreased
prices
and
a
$1.7
million
equity
loss
in
affiliate. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| John Rudey, 56 Chairman,
Chief Exec. Office, Pres | $675K | Thomas Ludlow VP,
CFO | -- | Walter Barnes, 57 Assistant
VP - Harvesting | 120K | Martin Lugus, 59 VP,
Timberland Operations | 159K | Greg Byrne, 39 Sr.
VP and COO of Fiber Resource Services LLC | 250K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|