Rayonier Forests Recertified Under SFI Standards
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Nov. 18, 2004--Rayonier
(NYSE:RYN) today announced that its nearly 2 million acres of U.S.
timberlands have been recertified as meeting the standards set by the
Sustainable Forestry Initiative(R) (SFI) program, one of the world's
largest sustainable forestry programs.
The recertification of the company's Northwest and Southeast
timberlands, as well as its wood procurement organization, was the
result of a third-party audit by the international quality assurance
firm of Bureau Veritas Quality International (BVQI). The audit was a
periodic review of Rayonier's forests - which achieved program
certification in 2002 - to confirm that the company meets the exacting
SFI standards for the sustainable growing and harvesting of trees,
protection of wildlife and fish habitat, plants, soil and water
quality and a wide range of other conservation goals.
"SFI certification is a recognized mark of the highest level of
professionalism in forestry," said W. Lee Nutter, Chairman, President
and CEO. "We are proud of this accomplishment, which reflects our
longtime commitment to sound forest practices and our ongoing
leadership in sustainable forest management."
As part of the recertification process, BVQI audited more than 150
sites on Rayonier's land base across Georgia, Florida, Alabama and
Washington and performed exhaustive reviews of forestry policies and
practices, as well as program implementation and documentation. They
also conducted numerous interviews with Rayonier foresters, wood
procurement employees, wood suppliers and loggers.
Rayonier has more than 2 million acres of timber and land in the
U.S. and New Zealand and is the world's premier supplier of high
performance specialty cellulose fibers. Approximately 40 percent of
the company's sales are outside the U.S. to customers in more than 50
countries. More information about Rayonier is available at
Wendy J. Pugnetti, 904-357-9181
Parag Bhansali, 904-357-9155