Sealaska will get out of logging business
January 21, 2021
JUNEAU (AP) - Sealaska Corp. has announced plans to get out of the logging business after more than 40 years.
The Juneau-based Alaska Native corporation announced the change Jan. 11 in a sign of Southeast Alaska’s economic transition away from logging, CoastAlaska public radio reported.
The transition is not expected to affect future profits or dividends, but is part of a long-term strategy to generate ``sustainable value’’ for shareholders, the corporation said.
Sealaska CEO Anthony Mallott said in a statement that logging created value for the corporation’s shareholders. “But we...