TimberWest and Island Timberlands announced they have signed an affiliation agreement to share roads, co-ordinate safety and stewardship and align best practices. Photo submitted

TimberWest and Island Timberlands sign affiliation agreement

Private forestry companies to share roads and co-ordinate stewardship

Two forestry companies that control huge swaths of Vancouver Island have signed an affiliation agreement.

TimberWest and Island Timberlands announced Thursday an agreement that will see them share roads and other infrastructure, align best practices and co-ordinate stewardship.

According to identical press releases issued by the two parties, they will continue to be stand-alone companies with no change in ownership, but will share “corporate services.”

TimberWest and Island Timberlands will share roads, sort yards and other infrastructure, “enhance forest health” by aligning stewardship and silviculture practices, and share a “best practice approach to watershed, ecosystem, species at risk and visual quality management.”

The companies say the affiliation will also improve safety outcomes and expand recreation access and trail connections.

“As affiliated companies, TimberWest and Island Timberlands can each do more to plan and invest for the future of a stable and competitive coast forest sector,” said Jeff Zweig, TimberWest CEO, in the press release.

The companies say “no significant changes” are expected to harvest levels or workforce, and say both will continue to process logs.

“This new affiliation will position both companies for long-term success under strong Canadian ownership to the benefit of our many stakeholders and the communities where we live and work,” said Darshan Sihota, Island Timberlands president, in the press release.

According to the companies’ websites, TimberWest has 325,400 hectares of private forest land on Vancouver Island and Island Timberlands has 254,000; together, they control about one-fifth of the Island’s total area.

TimberWest is owned by British Columbia Investment Management Corporation (BCI) and the Public Sector Pension Investment Board, while Island Timberlands’ limited partners are BCI and investing entities managed by Alberta Investment Management Corporation.

READ ALSO: Island Timberlands closes public access to privately owned forests amid wildfires

READ ALSO: Forest company and First Nation move ahead together



editor@nanaimobulletin.com

Like us on Facebook and follow us on Twitter

Just Posted

Ucluelet fears orca protection could shut down fisheries

“I beg you to start a process to put a stick in the wheels and slow these people down.”

Ucluelet mayor thanks team at last meeting

Dianne St. Jacques is not running for re-election this month.

VIDEO: This is what buying legal pot in B.C. looks like

Take a look inside B.C.’s first and only legal pot shop located in Kamloops

10 things still illegal in the new age of recreational cannabis

Pot is legal – but there are still a lot of rules, and breaking some could leave you in jail

‘Police are ready’ for legal pot, say Canadian chiefs

But Canadians won’t see major policing changes as pot becomes legal

Mellow opening to B.C.’s only legal pot shop

About five people lined up early for the opening of the BC Cannabis Store in Kamloops.

Driving with dope: Police talk rules on cannabis in the car

Even though pot is legal, you can’t smoke in the car

B.C. NDP retreats again on empty-home tax for urban areas

Rate reduced for all Canadians, dissident mayors to get annual meeting

B.C. teens fined for possession of pot on legalization day

The pair received $230 fines for smoking pot in public

Trio of Saint Bernard find their ‘forever home’ after story goes viral

Edmonton Humane Society had put out the call to adopt Gasket, Gunther and Goliath

Nurses deliver 24,000 anti-violence postcards to B.C. Health Minister

Nurses delivered thousands of postcards to the front steps of the B.C. legislature, each carrying a message for violence prevention

Openly gay, female priest of B.C. church defying norms

Andrea Brennan serves Fernie at pivotal time in church’s history

Nova Scotia works to stop underage online cannabis sales

The government cannabis retailer moves to prevent workaround of online-age verification

Foster care is ‘superhighway to homelessness,’ B.C. youth advocate says

Katherine McParland grew up in foster care and lived on the streets

Most Read