Coast Tsimshian Resources signs contract to sell logs to Chinese company

Coast Tsimshian Resources has signed a contract to sell 150,000 cubic metres of logs to Fujian Hijong Wood Industry Co. Ltd. of Putian, China.

Wayne Drury, Coast Tsimshian’s general manager, said of cutting and shipping the logs to fulfill the contract will provide work to support 150 families in B.C.’s northwest for almost one year.

Drury declined to release the exact contract amount but did say it was approximately half of the company’s sales target into the Asian market for this year, which is $40 million.

Coast Tsimshian Resources Limited Partnership is a forest company located in northwestern British Columbia, owned by Lax Kw’alaams First Nation. Coast Tsimshian has an annual allowable cut of just over 550,000 cubic metres a year, acquired when it bought cutting rights from bankrupt Skeena Cellulose/New Skeena Forest Products.

Read more:
Coast Tsimshian sign major contract to sell logs to China (The Northern View)