Weyerhaeuser to Support Southeast Oklahoma in Wake of Tornado Damage

Rhea-AI Summary

Weyerhaeuser Company (NYSE: WY) announced a $100,000 donation to Idabel, Oklahoma, in response to the devastating tornado that struck on November 4, 2022. The storm severely impacted more than 100 homes and businesses, creating urgent needs for temporary housing and essential supplies. Senior vice president Keith O'Rear emphasized the company's ongoing commitment to assist the Idabel community, where Weyerhaeuser has operated since 1969. The company's Idabel lumber mill and a nearby timberlands office were unaffected by the storm, employing 147 workers in the area.

Positive

• Weyerhaeuser committed $100,000 to support Idabel's recovery efforts.
• The company operates in Idabel since 1969, showcasing its long-term community investment.
• Weyerhaeuser's facilities in Idabel were not damaged, ensuring business continuity.

Negative

• The tornado caused significant damage to over 100 homes and businesses in Idabel.
• Immediate needs for housing and supplies indicate potential long-term economic impact on the community.

$100,000 Donation Will Provide Immediate Assistance for Response and Recovery Efforts in Idabel

SEATTLE, Nov. 23, 2022 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced the company is making an immediate $100,000 donation to the city of Idabel, Oklahoma, to support storm response and recovery efforts following the powerful tornado that struck McCurtain County on the evening of Friday, Nov. 4. More than 100 homes and businesses in Idabel suffered a direct hit from the tornado, many residents lost their homes and possessions in the storm, and multiple structures remain uninhabitable. Temporary housing, clothing, medical equipment and items for infants and children remain pressing needs for the area, and Weyerhaeuser is committed to supporting the greater Idabel community as it addresses initial impacts and begins the recovery process.  

"It is devastating for me to see such widespread damage in my hometown," said Keith O'Rear, senior vice president of Wood Products and former mill manager at the Idabel lumber mill. "This donation is just a first step in helping Idabel recover, though we know it will be years before the area fully heals and rebuilds. Our company has been operating in southeast Oklahoma since 1969, and we're going to continue to stay engaged and help the Idabel area build back and thrive again." 

Weyerhaeuser manages approximately 490,000 acres of forests in Oklahoma and supports 147 employees through its Idabel lumber mill and a timberlands office in Broken Bow (neither facility was damaged during the storm).

"Our community is resilient, and I know we'll work to build back even stronger," said Anthony "Tony" Bivings, plant manager at Weyerhaeuser's Idabel lumber mill. "I'm particularly proud of the response from our employees, many of whom volunteered countless hours on rescue and recovery operations, and it's inspiring to see everyone come together and help each other through such a difficult time." 

ABOUT WEYERHAEUSER 
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of wood products in America. Our company is a real estate investment trust. In 2021, we generated $10.2 billion in net sales and employed approximately 9,200 people who serve customers worldwide. Our 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/weyerhaeuser-to-support-southeast-oklahoma-in-wake-of-tornado-damage-301686392.html

SOURCE Weyerhaeuser Company

FAQ

What is Weyerhaeuser's recent donation amount to Idabel, Oklahoma?

Weyerhaeuser recently announced a $100,000 donation for recovery efforts in Idabel.

When did the tornado that affected Idabel, Oklahoma occur?

The tornado struck Idabel on November 4, 2022.

How many homes and businesses were impacted by the tornado in Idabel?

Over 100 homes and businesses suffered damage from the tornado.

What is Weyerhaeuser's relationship with Idabel, Oklahoma?

Weyerhaeuser has been operating in Idabel since 1969, employing 147 workers there.

Which stock exchange is Weyerhaeuser listed on?

Weyerhaeuser is listed on the New York Stock Exchange under the symbol WY.