TimberWest holds ceremony to mark opening of new Nanaimo, British Columbia, offices; CEO highlights company's long-term commitment to area as one of its largest private sector employers

LOS ANGELES , June 30, 2014 (press release) – Vancouver, British Columbia-based TimberWest Forest Corp. has officially opened its new offices in Nanaimo, British Columbia, the Nanaimo Daily News reported on June 27.

TimberWest issued a statement in January outlining its plans to relocate its Nanaimo office to Port Place in downtown Nanaimo, saying the move would provide a scalable workplace that allowed room for growth.

At a ribbon-cutting ceremony on Wednesday, June 25, TimberWest's president and CEO Brian Frank said the company had made a long-term commitment for the new office space and noted that TimberWest would be one of the largest private sector employers in downtown Nanaimo.

TimberWest's new offices will occupy 17,000 sq. ft. of the 24,000 sq. ft. of available space at the recently completed Port Place building.

A number of industry and community officials attended the ribbon-cutting, including Nanaimo Mayor John Ruttan and Snuneymuxw First Nation Chief John Wesley.

Company spokesman Steve Lorimer said the market had picked up since 2008, and the company was looking for growth over the next few years. He noted that forestry was expected to continue to be a major driver of the province's economy, with more than 40% of its regional economies based on the sector, and supporting more than 55,000 direct jobs in more than 7,300 businesses across the province.

Lorimer noted that forestry represented 5% of GDP, 30% of provincial exports and had generated nearly C$15 billion over the last decade, the Nanaimo Daily News reported.

John Allan, president of the Council of Forest Industries, was also present at the ceremony. He said the province's forestry industry was ready to take advantage of the growing international market for its lumber products, and praised efforts to develop trade with China.

The primary source of this article is the Nanaimo Daily News, Nanaimo, British Columbia, on June 27, 2014. The original article can be viewed here.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.