There are acres and acres of land in the United States that are covered by timberland. One of the companies that own and manage these properties is Plum Creek Timber Company, Inc. The business is considered as the largest landowner of timberland in the United States. It is a component of the S&P 500 and the Russell 3000 Indices. Common stocks of the company are marketed on the New York Stock Exchange, using the symbol PCL.
Other than real estate properties it manages and owns, the company is also engaged in the production of forest products, property development and mineral extraction. By sustainably managing forests, the company is able to create long term value to the environment, to the business and to its shareholders. In total, they have over 6.8 million acres of timberlands that they manage and own. Their properties are considered to be among the most geographically diverse and is concentrated in the northern and southeastern United States.
Part of the sustainability project of the company is the preservation of more than 1.5 million acres of lands as a conservation area. To remain sustainable and exceptionally compliant to all requirements of forestry practices, the company uses third-party audits in all of their properties. Plum Creek Timber is SFI certified (Sustainable Forestry Initiative Standard).
The wood products of the company are comprised of softwood lumber units. These trees after being harvested are then replaced with new ones. The harvested trees are then converted into edge-glued boards, studs, finger-jointed studs and other common and select boards. These products are marketed to retail home centers and lumber retailers for use in repair and remodelling projects.
Plum Creek was once a division of Burlington Resources and was spun off to become an independent real estate investment trust in 1989. In total, all of the operations of the company make up the annualized revenue of $1.34 billion.