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NEWS RELEASE
For immediate release: March
1, 2004
Tolko Solidifies Commitment to Northern
Alberta
Vernon, BC – On February 27, 2004, Tolko Industries
Ltd. and Weyerhaeuser Company finalized the sale of Weyerhaeuser’s
Slave Lake, Alberta OSB mill to Tolko. The completion of the sale
adds a third OSB mill to Tolko’s list of assets, which also
include 5 lumber mills, 1 plywood plant and 1 kraft papers mill.
This latest addition further solidifies Tolko’s
commitment to the Northern Alberta economy and the rural communities
that support the Company’s activities. The local communities
are integral to the success of the operation, and as in High Prairie
and High Level, the Company is looking to establish partnerships
with local stakeholders in the area to ensure the viability of the
business and the economic vitality of the region. Rick Huff, Tolko’s
General Manager, OSB & Kraft Papers, says the decision to purchase
the Slave Lake facility was not a difficult one. “The Government
of Alberta has created such a positive business climate.This facility
is a strategic fit with our other divisions and we are working on
some modernization plans for our Alberta operations. We are optimistic
and excited about what the future will bring.”
Tolko is a Vernon, BC based company, which manufactures
and markets specialty forest products to world markets. The Company
has lumber operations in Lavington, Merrit and Quesnel, British
Columbia, High Level, Alberta and The Pas, Manitoba. It also owns
a plywood plant in Heffley Creek, BC and OSB operations in High
Prairie and Slave Lake, Alberta and Meadow Lake, Saskatchewan. Additionally
the company owns a kraft paper mill in The Pas, Manitoba. Corporate
and sales offices also exist in Vernon, BC, Edmonton, Alberta and
Winnipeg, Manitoba. The Company employs more than 2,400 employees
across the western provinces of Canada and saw sales of $899 million
in 2003.
For more information:
Sheila Catlin
Manager, Communications & Public Relations
Phone: 250-545-4411
Rick Huff
General Manager, Kraft Paper & OSB
Phone: 780.428.5097
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