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Worst BC forest industry year drains profits in 1991
Price Waterhouse reports 1991 net losses of 869 million dollars, the worst in BC forest industry history, with revenue dropping to 10.9 billion from 11.8 billion in 1990 and 13.6 billion in 1989. All sectors loss making except plywood and veneer. government payments rise. Industry employs 272,100, with 18 cents of every sales dollar going to taxes and stumpage.
MENTIONED IN THIS ARTICLE
Waterhouse Financial
BC Forest Industry
Price Waterhouse
Council of Forest Industries of BC
COFI
Northern Interior Lumber Sector
NILS
The
Interior Lumber Manufacturers’ Association
ILMA
Cariboo Lumber Manufacturers’ Association
CLMA