| Market Capitalization (Millions $) |
8,762 |
| Shares
Outstanding (Millions) |
175 |
| Employees |
1,308 |
| Revenues (TTM) (Millions $) |
1,445 |
| Net Income (TTM) (Millions $) |
197 |
| Cash Flow (TTM) (Millions $) |
-4 |
| Capital Exp. (TTM) (Millions $) |
89 |
Business Description
Plum Creek Timber Co Inc is a publicly traded timber and forest products company that was founded in 1989 and is based in Seattle, Washington. The company is primarily involved in the acquisition, management, and sale of timberland, as well as the production of lumber and other forest products.
Plum Creek owns approximately3 million acres of timberland in the United States and has operations in 19 states, with a focus on the Pacific Northwest, the South, and the Northeast. The company manages its timberland through sustainable forestry practices, which include harvesting and replanting trees to maintain the health and productivity of its forests.
In addition to timberland management, Plum Creek also operates a number of manufacturing facilities that produce lumber, plywood, and other forest products. The company's products are used in the construction, furniture, and packaging industries, among others.
Plum Creek is also involved in real estate development, with a portfolio of residential and commercial properties across the country. The company operates as a real estate investment trust (REIT) and is required by law to distribute a significant portion of its earnings to shareholders in the form of dividends.
Overall, Plum Creek Timber Co Inc is a major player in the timber industry, known for its commitment to sustainable forestry practices, diversified operations, and focus on generating long-term value for shareholders.
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