"Read our story Tolko Industries Ltd"
The first 50 years … 1956 - 2006 In 2006 we celebrate the 50th anniversary of Tolko Industries, its beginning represented by a small planer mill in Lavington, BC. However, the Company's true beginnings stretch much further back. They are found in the belief that with effort and focus is the possibility of success; a philosophy embedded in our father, Harold Thorlakson, by his mother and father. They were formed in the family values instilled by our parents in each of their children and demonstrated through their relationships with others. You can trace the Tolko of today to the vision Harold began developing throughout his early adulthood, a goal supported and encouraged by our mother Jemma. In fact, the roots of our Company sprout from a vast range of experiences that offered opportunities and affected the direction of those early days. Tolko's growth to employ 5000 and operate 18 primary manufacturing divisions across Western Canada is a result of a tremendous number of people who contributed along the way. The industry has dramatically changed since 1956, as has Tolko. But our journey remains guided by those same values and strategic business sense instilled throughout the years. Tolko's success is in no small part attributed to its people who see challenges as opportunities for growth and innovation. Tolko's story so far is told here. We are pleased to share it with you. J. A. (Al) Thorlakson, President & CEO J. E. (John) Thorlakson, Executive Vice President Through the generations … 1890 - 2006 Thorlakur and Ingibjorg Harold Thorlakson held the Harold and Jemma instilled Doug, Al, and John - the second Al's son Brad and John's son Ken Thorlakson came to vision for a leading forest traditional values and appreciation generation of Tolko continue in the family business Canada in the 1890s products company of hard work in their sons Al Thorlakson, 1987 Early times “We're a family company, and that In the grasslands of BC's interior, high above the present- generation of hardworking entrepreneurs. The children family includes everyone that works day city of Vernon, is a group of run down buildings—the pursued diverse enterprises such as raising sheep, here. remains of a family ranch where a father, a mother, two keeping bees, supplying kokanee salmon to Vancouver I'm the leader, that's true, but daughters, and six sons carved out a living in the early buyers, and shipping carp to markets in New York. They without the ongoing input of every years of the twentieth century. also began to understand the value of the forest resources one of our people, I would be the surrounding the ranch. The parents, Thorlakur and Ingibjorg Thorlakson, had leader of very little.” coincidentally and separately left the harsh economic conditions of Iceland, in pursuit of a better life in North Founding years America. They met in Winnipeg, fell in love, and married Harold, fourth son of Thorlakur and Ingibjorg, started before arriving in the Okanagan Valley in the late 1890s. logging in the early '50s close to home: the Commonage Proximity to a suitable school led them away from the and Okanagan Landing, Glenmore, and Carr's Landing. shores of Okanagan Lake to an area known as The Meanwhile his younger brother Joe moved around the Commonage where they established the family ranch region with a portable sawmill cutting railway ties at and saw that each of their children received a good Okanagan Landing, and clearing government timber for education. The young ones eventually went on to hydro lines in the Monashee Mountains. Joe eventually Teachers College, Business College, and University. moved his operation to Lavington on property leased Ranch life was hard and the Thorlakson children were from the Jeffers' family. expected to contribute as they grew. This created a It became apparent to Harold that greater opportunities 2 Lavington Planer Mill - Tolko's birthplace … 1956 - 2006 The birthplace of The mill's first employee Derry Ewart, Harold's brother-in-law, Jake Wierenga, first sawmill Today the Lavington operation Tolko—the original was Bruce Jeffers joined as planerman in 1959 employee, was part of LPM has over 250 employees Lavington Planer for 34 years Mill (LPM) Lana Brander, were available in marketing and planing lumber. With his bought rough lumber from portable sawmill owners Business Services Team brother Joe and Joe's son Harold M. Thorlakson, Harold operating in the interior forests, planed it, and then sold Meadow Lake OSB set up a new business on the Jeffers' family property in the finished product to a growing list of customers “I was born and raised in Meadow Lavington in 1954. The partners contracted a machinist, throughout the Okanagan Valley. A tough but fair Lake, Saskatchewan so I was pleased Theo Fandrich, to bring his self-built, portable planer businessman, Harold was best known for keeping his Tolko chose Meadow Lake as a place word, prompt payment, and a cheque that was always to the site to do custom planing. However, times were to build a new OSB operation. good. Most deals with Harold were sealed with a challenging and the business was unable to sufficiently Tolko's commitment to continued handshake. sustain multiple families. In 1956 Joe and his son education and the relentless returned to their portable sawmill operation and Harold Harold carefully selected his raw material, steadily aspiration toward excellence makes purchased their shares in the Lavington Planer Mill. This growing his business on quality and service. He received me proud to be part of this company. operation—which sat on the site of today's Lavington a major boost when he secured a contract to supply the Our unique team atmosphere has Planer Division—would eventually be known as Tolko timbers and lumber for the construction of the Okanagan helped us break down traditional Lake Floating Bridge. The bridge, nearly a mile long on business barriers and focus on our Industries Ltd. the south side of Kelowna, BC, officially opened in 1958. common goals. We also have a lot of laughs in the meantime! Building a business Harold purchased a planer from Hoover Sawmills Limited in 1959 with the help of his brother-in-law, Derry Ewart. Happy 50th Anniversary Tolko!” Harold used skills he developed while working for Union Lavington Planer Mill started its own manufacturing Oil and his natural sales ability to build his business. He shortly after and was incorporated August 21, 1961. 3 Values and strategic growth … 1956 - 2006 Harold receiving an Bob Patterson (centre) strategic Sales have grown from local to Darlene Wolney, Office Manager, The President's Safety Award is industry safety award planning with Fred Stehle and international markets helps Al open Vernon Office, presented annually to the Division(s) in 1963 Joe Martinago in 1986 August 25, 1988 with the best safety record Jim Knight From logs to lumber Woodlands Manager, One of the steady suppliers of rough lumber to the planer to Tolko Industries Ltd., a name derived from every other Okanagan Operations mill was the Schunter family, active loggers and owners letter of the Thorlakson family name. “I was 20 years old and studying of a portable sawmill. When young Bob Schunter Forestry in Vancouver. A fellow named Bob Reid was in town decided to focus on logging in the 1960s, a long term relationship began. Soon after, Bob delivered the first The legacy begins interviewing summer students for load of raw logs to the Company, solidifying a Throughout this period, Harold and his wife Jemma were work in the bush for Lavington Planer relationship that continues today with R.J. Schunter raising three sons: Doug, John, and Al. Harold Mill Ltd. I was interested, as it would Contracting Ltd. of Lumby, BC. Thorlakson's early years had taught him that success was be my first position in the industry achievable with hard work, discipline, honesty, and faith Equipped with a sawmill and planer, Harold needed to and was located just out of Vernon in one's fellow humans. Jemma and Harold saw that add to the workforce. The core group that formed would where I had lived while completing their three sons also learned these values and the related make a strong contribution to these developing years. school. That was 1975—31 years ago principles of operating a family business, as they worked Among them were Bruce Jeffers, the mill's first employee this spring. It has been and continues alongside their dad logging, and later, at Lavington and part of the family who had owned the mill site, and to be an extremely interesting and Planer Mill. Derry Ewart, Harold's brother-in-law and planerman. exciting career. It has given me great Sawmill expertise came from newcomer Jake Wierenga, The three boys pursued individual interests and pride and satisfaction to be part of a sawyer with a strategic mindset who would be a experiences before their skills and aspirations drew them Tolko's success and growth over the mentor to many employees over the next 34 years. A back to the family business. Doug spent his early years years.” permanent sawmill was established in 1968. In 1973 the with some of the interior's industry-leading organizations Company name changed from Lavington Planer Mill Ltd. of the time: Kelowna Growers Exchange, S & K Plywood 4 Forest sustainability … 1956 - 2006 Harold Thorlakson and sons Doug Thorlakson and Bob Schunter, Tolko is committed to sustainable Randy Chan, environmental leader, The Mountain Pine Beetle logged in North Glenmore the original harvester, revisit this site forest management plants Tolko's 50 millionth seedling, epidemic of BC forests is changing in 1954 in 1991 1995; 500 millionth will be planted the industry in 2006 Vernon Daily News, 1988 of SM Simpson Ltd., North Lake Lumber in Beaverdell, sales employees as they advanced their careers with the “In 1988 Al's hometown newspaper and the BC Forest Service. Doug rejoined Harold in Company. John's role evolved as the Company grew, voted him Businessman of the Year, 1962, working in the mill and driving trucks before taking taking him to his current position as Executive Vice describing him as “a conservative on the forestry side of the business. He performed as President. and unassuming man whose woods manager until Provincial regulations required appearance masks a forest industry After Al finished his studies at the University of BC, he companies to hire professional foresters. At that time, executive whose imagination and worked for three years as Plant Engineer for Weldwood in Doug switched gears and began operating logging trucks drive have helped him respect his Quesnel, during which time he obtained his Professional in conjunction with Tolko's Woodlands activities. father's goal of preserving a family Engineer designation. Al focused his efforts on the Harold and Jemma placed a high value on education, manufacturing side of the business when he returned to business while creating a dynamic and Jemma's nursing career helped support the business Lavington Planer Mill Ltd. in 1967. He became President and progressive company.” in its early years and John's and Al's post-secondary of the company in 1972 and was appointed Chief pursuits. John and Al went onto the University of BC to Executive Officer in 1981 when Harold passed away. complete Bachelors of Applied Science in Engineering. John then further earned a Masters in Mechanical Engineering from McGill University. He worked in the oil Developing Woodlands and gas industry and achieved his Professional Engineer Sawmill technology in the early 1960s had evolved to a designation before coming back in 1970 to manage the point that smaller trees, like lodgepole pine, now had mill's sales business. John led Tolko's marketing and sales economic value. During the same period, Ray Williston, business for many years, mentoring and training Tolko's Minister of Forests for the BC Government, developed a 5 Wilson St. Goddard, Retired, Heffley Creek Division “I started work at Balco Industries on Feb. 25, 1975. When Tolko bought Balco Industries in 1987, most employees stayed on. It was great working for Tolko. My most memorable moment was being recognized for my dedication to safety. I spent 28 years on the safety and Employee and Family Assistance Program (EFAP) committees and was safety committee chairperson for many years. The weekend at Silver Star was fantastic. I remember talking with Mr. Al Thorlakson and his brother John at Mr. Al Thorlakson's cottage. He and his wife made coffee for my wife and me. Tolko is the only company I've ever worked for where management is so approachable—especially the CEO, Mr. Al Thorlakson. It's been great knowing you over the last 30 years.” Harold Thorlakson, founder of Lavington Planer, later renamed Tolko Industries Ltd., and the mill's first lumber truck revolutionary plan for the growth of the interior pulp industry based on residual Manager. Well experienced with lodgepole pine, Bob connected Tolko's chips. Having taken a fresh look at the commercially viable inventory of BC harvesting and forest management to close utilization standards. forests, Ray introduced the “third band” utilization policy in 1969. These strategic moves ensured the company was positioned to utilize the Third band was essentially a reward, in the form of additional cutting rights, for government's third band policy in the late 60s and early 70s, securing Tolko a firms that harvested smaller trees following a standard referred to as close place in the reshaped industry of BC's interior. utilization. New processing technology, such as barking and chipping equipment, was required and supported Ray's pulp mill vision. In addition to driving technological advances, third band timber sales signified the end of First major growth portable mills as a major factor in the industry. No longer would the mills go Harold had a long working relationship with a mill on the Okanagan Indian to the wood; the wood would come to the mills. Consolidation occurred Band reserve that was already cutting lodgepole pine and had received a large throughout the interior of BC as stationary operations were established along increase in third band volume. In 1973 Lavington Planer Mill Ltd. made its first railways, bringing steadier employment and more community stability. major acquisition, effectively doubling in size with the purchase of Hoover While working in the Cariboo, Al had observed lumber producers successfully Sawmills Limited. processing lodgepole pine. While most lumber manufacturers in the Okanagan When fire destroyed the Hoover operation in 1975, the Company consolidated did not realize the opportunity, this Cariboo experience prompted the it in Lavington. A second sawmill line and a graveyard shift was added to help Thorlaksons to proactively modify Lavington Planer Mill's timber acquisitions accommodate the growth. The veterans openly welcomed the Hoover and processing equipment. employees who, in return, embraced their new environment. This experience Al had recruited a colleague from the Cariboo, Bob Reid, as Tolko's Woodlands anchored the strong family culture that permeates the Lavington site to this day. 6 Tony Billey, Banderman, Quest Wood Division “We arrived in Quesnel in 1989 with few possessions and no money. When I started delivering pizzas, friends asked, “Why are you doing this? You're not making much more then welfare pays.” I told them, “No job leads to no job, but a job will lead to a better job.” On one delivery, I asked a foreman at Tolko why they always ordered pizza Friday nights. He said that a lot of guys didn't show up for work on Friday nights. The guys who did, then would have to work overtime, so they bought them pizza. He then asked me why a guy my age was delivering pizzas. I told him that while I was looking for something better, it put food on the table. He told me to bring my resume to him the next time I came in. I did and here I am—13 years later.” ¦ Al, Doug, and John Thorlakson, second generation of the company, with Harold’s restored lumber truck in March 2006 Harold Thorlakson handed over control of the company to Doug, John, and Al product name, Tolko Topflight, was introduced to the North American cedar in the late 1970s. Jemma passed away in 1979 and Harold suffered a stroke and market. Tolko operated Inlet Cedar for nearly 10 years before closing the mill passed away in 1981. However Jemma and Harold had embedded in their sons in part due to the failure of the small business program. a vision for the company as a family business. Acting on Al Thorlakson's and Bob Reid's Cariboo experience, Tolko purchased Ernst Forest Products at Quesnel in 1981. Tolko invested in manufacturing improvements, Strategic Planning changed the Division's name to Quest Wood Products, and established a Tolko began the strategic planning process that is used throughout the modernized mill that continues to evolve and perform efficiently to this day. company today in 1986. Initiated by Bob Patterson, manager of planning and marketing, it fundamentally engages employees at all levels of the company. In 1987 the Company purchased Balco Industries whose head office and main The process encourages multiple perspectives and provides employees a manufacturing plant were located in Heffley Creek, BC, with branch shared vision and clarity regarding their roles in executing the plan. operations in Merritt and Louis Creek. Balco was originally owned and operated by the Balison family of Kamloops, but in recent years had changed Company executives drafted the mission statement that remains the guiding hands a number of times. Tolko's strategic planners saw the potential in these principle for Tolko today: “To be an environmentally responsible and assets and a successful purchase was concluded. The acquisition included the innovative company that prospers and grows by serving the needs of diverse Heffley Creek plywood plant, launching Tolko into the plywood business—a customers in world markets, with products derived from the forest.” first step toward product diversification. Clarification of the company values was done at the same time. The In 1988 the Company purchased Nova Lumber, located near North Vancouver five Thorlakson family principles Harold and Jemma had applied to the on Burrard Inlet. Inlet Cedar became the new divisional name and a new daily operation of the business were formally stated: Respect, Integrity, 7 Acquisitions and greenfield projects … 1956 - 2006 Ernst Forest Products, Balco Forest Products, including Nova Lumber, 1988, renamed Inlet First "greenfield", an OSB Repap sawmill and kraft papers renamed Quest Wood Heffley Creek plywood and Nicola Cedar Division operation in High Prairie, AB, 1994 mill in The Pas, MB, 1997 Division, in Quesnel, Valley sawmill operations, 1987 BC, 1981 Gary Tessaro, Filer Lavington Planer Division Open Communication, Profit, and Progressiveness. All nature, the Company made precedent-setting agree- “Two weeks of holiday relief work has employees are expected to embrace these company ments with First Nations communities. Tolko secured an turned into 26 years. In this time I values and managers are evaluated on how effectively innovative fibre supply agreement and received approval have completed my Benchman's ticket they demonstrate these values at the workplace—a of its application in 1994 to construct an OSB mill. This at BCIT in 1986, been on the safety testament to the key role the values play in shaping would be the Company's first greenfield, 'built from committee for 7 years, helped Tolko's journey. scratch' operation. organize many golf tournaments, helped out with Christmas parties and was especially proud to wear the blue Diversification pursued Tolko's High Prairie Division was also the first of what became known as a third generation OSB mill with 50% Product and geographic diversification became greater capacity than the existing industry average. On and white colours of Tolko into the January 31, 1996 Tolko's first load of OSB arrived on a fundamental to Tolko's strategic direction in the early B.C. Open Pro-Am Golf Tournament at customer's doorstep in Salt Lake City, Utah. Now in its 90s. To fulfill this initiative, the company looked toward Predator Ridge in 1993. Tolko also has tenth year of operation, High Prairie Division produced the northern Alberta town of High Prairie, which afforded me the time to be the its millionth pressload in 2004. was actively seeking investment and employment Southern Interior Director of the B.C. opportunities. Over the years, Canadian and Asian Tolko pursued further diversification with a move into kraft Sawfilers Association for the last 4 investors had shown interest in the community, but no paper manufacturing and sales. The Company purchased years. Volunteering at the Tolko tent major projects had materialized. Repap Manitoba in The Pas in 1997. The acquisition included at the I.P.E. gave me a chance to meet many people and tell them who we That is until Tolko's Bob Reid and Dave Knight came a sawmill—familiar territory for Tolko—and a pulp and paper are at Tolko.” along. With the help of their vision and adventuresome mill. The paper business proved to be a learning curve for 8 Acquisitions and greenfield projects … 1956 - 2006 DMI High Level Lumber, Meadow Lake OSB, built with First Slave Lake OSB, from Weyerhaeuser, Riverside Forest Products, Tolko's Athabasca Division, begins High Level, AB, 1999 Nations, Metis, and government 2004 largest acquisition, 2004 production of engineered wood partners, 2002 products Fall 2007 Charley Hampton, General Manager, Tolko. In true Tolko fashion, employees greeted the challenge first Sustainability Report in 1998, the Company reinforced Corporate Services (former Area Manager, of manufacturing and marketing this new product line. its commitment “to the well-being of future generations Quest Wood Division) through responsible environmental performance.” “Anyone who has walked through a Tolko wrapped up its acquisition activities as the '90s closed with the purchase of another sawmill. This operation, in The Company sought independent verification of its sawmill with Al Thorlakson knows he High Level, Alberta, was owned by Daishowa Marubeni. environmental practices and committed to stakeholders and doesn’t miss a thing. In 1988 we One of the largest lumber producers in the province, the customers that its Woodlands would achieve third party installed Tolko’s first optimized edger operation became High Level Lumber Division. certification of its forest management. Tolko continues to at Quest Wood, and with significant embrace ISO 14001 and the internationally recognized trepidation I toured Al through the mill Sustainable approach certification of the Canadian Standards Association across all its Woodlands. to see it. Al stood there for a full five minutes, watching boards go through. Throughout the years, increased social attention, research, The longer he stood there, the more and best practices contributed to the evolving stewardship of the forests. As the millennium drew to a close, Tolko set Customer Driven concerned I got. Finally, he turned to me and, beaming, he said, “Man, I love it about putting on paper its approach to sustainability and its As Tolko evolved, the emphasis on sales expansion grew when we do something right!” Needless commitments for responsible management of the forest under John's careful management. The once Okanagan to say I was very relieved and extremely resource. Valley-based marketing efforts took on national and proud of my installation crew.” international dimensions. Tolko developed Environmental and Aboriginal Policies, and formally stated its Forest Management Principles. With its A distribution department was established to handle the 9 Woodlands … 1956 - 2006 Loading stud logs, 1950s Bob Reid, key with lodgepole pine Dave Knight, once tagged "Tolko's Kineshanko Logging, one of Tolko's Forest education is part of Tolko, strategies and east-of-the-Rockies Lodgepole Locator", part of growth many long-term contractors such as the annual Open House growth across Prairies in High Level Al Thorlakson, 1986 direct sales to dealers and in 1975 the Company launched profoundly impact the supply and distribution chain. “Achievement is never accidental. Mara Lumber with retail outlets in Salmon Arm, Vernon, Manual tasks gave way to computer-based applications. If you examine any success story, and Kelowna. The chain was sold in 1991 in an effort to Railroads maintained their crucial industry role, you will find three things: careful refocus exclusively on the manufacturing and wholesale prompting Tolko to acquire its own fleet of railcars. planning, dedication to the project of wood products. and hard work by all those concerned. Tolko Marketing and Sales Ltd. was launched in 2003 for The future success of Tolko Industries Establishing reload yards at a rail line to temporarily hold its marketing, sales, and transportation functions. This was certainly depends on these three product opened up a new market for Tolko. It was now an important step in positioning Tolko for the customer-to- elements.” economical for retail outlets, developers, and distribution tree strategy being embraced today. Under the leadership centres situated away from railway lines to directly of Brad Thorlakson, President, Tolko Marketing and Sales purchase truckload quantities, significantly expanding innovatively supports Tolko's manufacturing business to Tolko's target customers. meet customers' increasingly diverse needs. Tolko Market growth continued to accelerate. The addition Marketing and Sales' annual sales exceeded $2.3 billion of an export department was followed by a brokerage in 2005 and products were marketed in twenty countries department in 1985. “Customer oriented, results focused” world wide. became the mantra as the sales teams strove to provide Tolko celebrated the launch of a new kraft paper sales top customer service based on strong relationships and office in September 2005. A partnership was reached with industry knowledge. Canadian Forest Products (Canfor) to jointly market Technology, especially information technology, would bleached and unbleached kraft papers to markets around 10 Changing technology … 1956 - 2006 Auto engines powered First debarker at LPM The MKII - 2" Chip 'n' Saw was Armstrong's Cogeneration plant Innovative design and modern, portable sawmills, as this "modern technology" in 1973 uses hog fuel to produce steam proven technology contribute to Balco mill, Heffley and electricity Meadow Lake OSB's success. Lake, 1946 Peter Meyer, the world. The aptly named Premium 1 Papers operates years, wildfires raged across the province. The McClure- Plant Manager, from their offices in Kelowna, British Columbia. Barriere fire in the Thompson-Nicola region consumed Slave Lake OSB Division Tolko's Louis Creek sawmill on July 30, 2003 and after a Staying the course thorough analysis, the difficult decision was made to not rebuild. “In Slave Lake we have relied on technology and strategic investment Tolko announced in 2001 its intent to construct a world- to keep us viable. Industry insiders Despite the setback, Tolko forged ahead with other cannot believe the output of our class OSB mill near Meadow Lake, Saskatchewan. The strategic initiatives. When Weyerhaeuser's OSB mill in facility. result of five years of research and planning and another Slave Lake, AB, became available in 2004, Tolko saw the two years of construction, the Meadow Lake OSB Limited Our strength has been the people opportunity to expand its panel business and the wood Partnership began production in 2003. In addition to the that work here and a willingness to supply for its Alberta operations. advanced technology and capacity of the operation, the embrace new ideas and different project signified a milestone in Tolko's relations with Later that same year, Tolko made the largest acquisition of ways of delivering the end result. Aboriginal communities. Partners in the project include its 50-year history with the purchase of BC-based Riverside In a nut shell today's workers are Meadow Lake Tribal Council, representing nine First Forest Products in October. The acquisition added 2,500 intelligent and need to partner with Nations communities, Northwest Communities Holdings employees and 8 primary manufacturing Divisions. their business. Engaging the Ltd., representing seven Metis communities, and Tolko now operates 18 primary manufacturing Divisions workforce is the key to long term Investment Saskatchewan. and employs nearly 5,000 people in Western Canada. success.” The same year Meadow Lake OSB opened, Tolko suffered Riverside's solid reputation in the marketplace and a great loss. In the driest conditions BC had seen in 50 the diversity of its BC operations fit well with Tolko's 11 Marketing and sales … 1956 - 2006 John Thorlakson led The Tolko brand is Premium 1 Papers reflects Tolko's Tolko now markets to over 20 Today Brad Thorlakson leads marketing and sales, recognized worldwide and Canfor's commitment to countries Tolko Marketing and Sales Ltd. Lavington Sales Office excellence Elaine Evans, Manager, Sales Administration, Vernon Office goal to become a world-class, globally-competitive forest Tolko continues to stay true to its early beginnings. The “When I joined the company in August, products company. core of the Company's culture was there from the start, 1976 as receptionist, they had just including personal accountability, innovation and moved into the new office building in Lavington and everyone asked “What Looking Forward progressiveness, customer oriented and results driven, and the importance of corporate values. Strategies proven are we going to do with all this Change is a way of life for the Company and its people. effective during the formative years continue to guide space?” Who knew that space, or lack Many who have been with the Company over the years company plans: strategic reinvestment, decentralized thereof, would become one of our claim that they would not want it any other way. This organizational structure, and geographic and product greatest challenges. quality is fundamental to Tolko's past and future success. diversification. These basics provide a firm foundation in an Because the company was continually This commitment to change was evident once again on industry of ongoing change. growing, I was fortunate enough to September 26, 2005, when government, community, and have the opportunity to grow with it. industry leaders gathered near Slave Lake, AB, for the Throughout the years, the Thorlakson family have I was able to change jobs without groundbreaking of Tolko's new engineered wood surrounded themselves with strong, professional manage- changing companies. operation. Construction of the $250 million facility is ment who draw on the Company's traditional values and We work very hard at Tolko, but we underway and production is set to begin in fall 2007. The successful philosophies to support Tolko's strategic growth also play very hard. It's been a fast and new plant, Athabasca Division, is another example of and sustained success. With Tolko's solid group of challenging 30 years for me and I look product diversification. Although it is the most recent employees—a team of five thousand individuals committed forward to many more. expansion announced, one can be assured that it is not to excellence, hard work, and dedication—the future is Thanks to Al and John for the great the last. sure to be as exciting as the first 50 years. opportunity.” 12 PO Box 39, 3203 30 Avenue Vernon, British Columbia Canada V1T 6M1 Tel: 250.545.4411 Fax: 250.549.5353 www.tolko.com Printed in Canada