TimberWest Doubles Sales And Profits

By David Wiwchar PORT ALBERNI — TimberWest has doubled its income from this time last year, after increasing raw log sales to China and Korea.

The company made $60 million on log sales during this last quarter, and $50 million the previous quarter.

The company shipped 1.5 million cubic metres of logs so far this year, compared to only 200,000 cubic metres by this time last year.

The company is $300 million in debt, but recently raised $60 million through increased share offerings.

TimberWest is western Canada's largest private timber and land management company, selling timber products and real estate.