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Old 12-09-2003, 10:51 PM
mhagen
 
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Default Cruel Twists Seize Timber Country

Crown's not a good example. Crown Zellerbach has been repeatedly
leveraged for cash payouts to relieve debt brought on originally by
corporate raiders back in the '80s. CZ was a pawn in the savings and
loan scams. They've sold off their paper mills, lands, dams and
themselves. The name changes about every six or eight years it seems.
They cut their North west forest at 35 years of age - and have built
high speed mills to blow thousands of small logs per day past the
headsaws with a minimum of labor involved. Their current incarnation as
Crown Pacific has been claiming to be barely breaking even for years but
still hauls logs like they were worth something.

Somehow I doubt that the little bit of federal wood is having much
impact compared to cheap wood imports.