ANCHORAGE - A Taiwan company will buy another $1.7 million of Southeast Alaska timber from a subsidiary of Sealaska Corp., Southeast Alaska's regional Native corporation.
The contract was announced at a meeting of the Taiwan-Alaska Trade & Investment Coordination Council, meeting in Girdwood.
The announcement confirms terms agreed to by Sealaska Timber Corp. and Long Haeuser Enterprise Co., Ltd. of Taiwan.
"The contract between these two commercial entities brings their 2005 transactions to a total of $5.2 million," said Frank Roppel, TATICC co-chairman and chairman of the Alaska Housing Finance Corp.
"This is a win-win agreement for Alaska and Taiwan," said Bill Noll, state commissioner of Commerce, Community & Economic Development. "The agreement is good news for a timber community in Southeast Alaska that suffered sometimes deliberate neglect before Gov. Frank Murkowski."
Buyers at the meeting forecast a 50 percent increase in Alaska timber purchases in 2006.
"Nonetheless, we are going to push for that increase to be as high as 200 percent," Noll said. "We feel the opportunity is there, and we are eager to support the Alaska timber industry."
The agreement signed Friday calls for Sealaska Timber to sell hemlock, spruce and red cedar logs harvested near Hydaburg and Tolstoi, an abandoned fishing station on Prince of Wales Island. The logs are to be shipped from Hydaburg in October.