Sparwood, British Columbia, October 21, 2024 – Ka·kin Group Ltd., the wholly owned economic development arm of Yaq̓it ʔa·knuqⱡi’it, is excited to announce a significant milestone in its journey towards economic sustainability by securing majority equity participation through the formation of a corporation. This milestone is part of the broader mandate for Ka·kin that includes robust participation in regional economies, collaboration with industry, creation of ownership opportunities, and supporting the overall development needs of the region while respecting the culture and values of the Yaq̓it ʔa·knuqⱡi’it citizens.
Aligning with the overall strategic goals of Ka·kin, the corporation will be keenly focused on responsible economic stewardship through land healing, reclamation and remediation, renewables development, water management, and responsible resource development. Through these efforts, the partnership will provide a comprehensive range of services including project and construction management, electrical and instrumentation solutions, civil earthworks, high voltage services, access matting, hydrovac services, directional drilling, fiber optics, general contracting, equipment supply, rail construction and maintenance, and engineering services.
Ka·kin identified Chemco, a leader in the construction and energy sector with over six decades of experience and a deep history of championing Indigenous economic participation, as a trusted partner for this venture. This strategic alliance, known as Ka·kin Chemco Corporation, is set to enhance the operational capacity and resources in the region.
CEO of Ka·kin Group Ltd., Trent Fequet, expressed enthusiasm about the collaboration, stating, “This partnership with Chemco is a significant milestone for Ka·kin’s growth. It not only enhances our service capabilities but also aligns with our commitment to creating local capacity and employment development in the region. Our shared values with Chemco will guide us in making a greater impact on environmental stewardship in the region, driven by Indigenous principles for the betterment of future generations. Most importantly, this strategic partnership marks a significant step towards the long-term development of benefits for Yaq̓it ʔa·knuqⱡi’it members from economic activities within their territory. We will continue to seek alignment with organizations that support our efforts to deliver that organizational mandate.”
COO of Chemco, Todd Halina, echoed this sentiment, saying, “We are thrilled to partner with Ka·kin Group Ltd. This partnership will allow us to combine our expertise and resources to deliver exceptional value and service. Together, we provide greater capacity to the region, create new diverse employment opportunities, and contribute to the sustainable growth of Ka·kin and Yaq̓it ʔa·knuqⱡi’it.”
This partnership underscores the importance of continued advancement of Indigenous participation in economic activities, creating employment and sustainable opportunities for members, and supporting the goal of self-determination through self-reliance. Ka·kin Group Ltd. and Chemco Holdings Inc. are committed to building a prosperous future within the traditional lands and territories of Yaq̓it ʔa·knuqⱡi’it through proactive and transparent collaboration with industry.
Ka·kin Chemco Corporation operations are located at 749 Douglas Fir Road, Sparwood, BC.
About Ka·kin Group of Companies
Ka·kin Group Ltd., wholly owned by Yaq̓it ʔa·knuqⱡi’it, is committed to nurturing prosperity and sustainability for the Yaq̓it ʔa·knuqⱡi’it community and its members. Tasked with supporting economic sustainability, Ka·kin aligns with key Alliance Partners, creates ownership opportunities, and engages in activities aligned with the long-term vision and values of the organization and the Nation.
About Chemco
With over six decades of experience, Chemco provides construction and maintenance services tailored to the energy industry. Employee-owned and operated, Chemco is committed to safety, accountability, and community engagement, underpinning its operations with a robust CSR program that prioritizes social and environmental responsibilities.
Media Contacts:
Noah Capannelli
Director of Communications
Phone: +1 (519) 564-3393
Email: noah.capannelli@kakin.ca
Bryan Lunge
Vice President, Marketing & Communications
Phone: +1 (780) 436-9570
Email: blunge@chemco.com
