Weyerhaeuser says reducing 2020 capital expenditures by about $70-90 mln

Weyerhaeuser provides covid-19 business update.weyerhaeuser co - for month of april, company expects to reduce operating capacity by approximately 20 percent for lumber.weyerhaeuser - for april, expects to reduce operating capacity by 15% for oriented strand board, and 15 to 25 percent for engineered wood products.weyerhaeuser co - reducing 2020 capital expenditures by approximately $70-90 million.weyerhaeuser - increasing cash on hand by $550 million through draw on revolving credit facility,expires in jan 2025 & has $950 million of capacity remaining.
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