PF Olsen Awarded Timberlands West Coast Management

Late last month PF Olsen was successful in being awarded management of 27,000 hectares of plantation forest currently trading as Timberlands West Coast Ltd (a State-Owned Enterprise).

"We are very pleased with this outcome", said Peter Clark, PF Olsen's CEO. "We currently manage forests for Crown Forestry in Northland and the East Coast and are pleased that they had the confidence to extend our responsibilities to the west coast forest estate".

Management of the forest will transition from an in-house management team to contract management with PF Olsen on the first of January 2009. "This is a very short start up window but we are confident we can meet the deadline", says Peter Keach, PF Olsen's Operations Manager. "We have considerable experience in management transitions over short time frames, so we can draw on that experience. We will do everything necessary to meet Crown Forestry's requirements including maintaining Forestry Stewardship Council certification for the estate and will ensure that harvesting operations get underway promptly in the New Year to meet log supply commitments to existing Timberland's customers".

The PF Olsen is expected to employ most of the current Timberland's West Coast management staff.

Selection of the forest manager followed a rigorous competitive tendering process involving the submission of a management proposal and an interview. Crown Forestry General Manager Charles Schell said that PF Olsen had been selected for the task of managing the day-to-day operations on the forest estate based on the depth of their operational experience nationwide, the strength of their proposal for managing these forests and their backup capacity.

Thanks for the vote of confidence Crown Forestry. We look forward to getting involved in this new resource and working with new people. This greater presence in the Canterbury/West Coast regions will also benefit existing and future PF Olsen clients by providing economies of scale, improved log cartage opportunities and more scope for market development.

The photo below shows PF Olsen staff getting to know local logging contractors currently working the Timberlands West Coast resource.