Sealaska history

Trees they had begun replanting in 1982 were up to fifty feet tall and eight inches thick, and about 150,000 seedlings would be planted on 1,000 acres in the following year.

1984: Sealaska joins seven other Alaska Native corporations to start the Southeast Alaska Native Log Export Association.

In 1985, Sealaska exported 150 million board feet of round logs to Asia, helping it to become the biggest timber exporter in Alaska.

The shareholder permanent fund, created in 1986, increased to $68 million.

In 1987, Sealaska celebrated its then best-ever year for profits, $30 million, with total revenues of $260 million.

The timber business exported 219.6 million board feet of products to Japan, Korea, and China in 1988, with total sales of $118.1 million; Ocean Beauty's export sales reached $58 million, up from $50 million the year before.

In 1991, Sealaska's net earnings were $21.3 million on revenue of $127.3 million.

In 1993, the company's net income was $19 million on revenue of $167 million.

In 1994, Sealaska earned a net income of $22.7 million, 36 percent over the previous year.

In 1996, Sealaska's net profits rose to an astounding $43.4 million on $237 million in revenues, while its Permanent Fund (an investment fund that has ensured shareholders dividends) reached $100 million.

1997: The company purchases a 90 percent interest in TriQuest Precision Plastics for $65 million.

In 1999, Sealaska Timber Corp. adopted new techniques to remain competitive in the face of a changing Japanese market.

2001: Chris McNeil is named the new president and CEO of the company.

Also in 2002, the San Pasquel casino repaid Sealaska its original $14.7 million investment, as well as an extra $8.7 million in interest and management fees.

In 2003, the timber operation won the Governor's Exporter of the Year Award and timber export sales continued to bring in strong profits.