$30-million investment to sustain B.C.’s coastal forestry

June 12, 2015

By: British Colombia News

Premier Christy Clark, Forests, Lands and Natural Resource Operations Minister Steve Thomson helped Lee Doney, chair, Western Forest Products, celebrate $30 million in new capital investment in the Duke Point sawmill.

Of the $30 million, $28 million will be invested in Western Forest Products’ Duke Point sawmill to modernize the sawmill, planer mill and install new autograding technology to improve productivity and reduce production costs. The company is investing $2 million in its Chemainus and Ladysmith sawmills. These investments are part of the company’s $125-million capital strategic investment program, which Western expects to improve its competitiveness and gain access to new markets.

Duke Point is one of seven sawmills that Western Forest Products has on Vancouver Island. The company also has two remanufacturing facilities and is North America’s largest cedar lumber manufacturer. The company ships products to 28 different countries and provides jobs to 2,000 employees and 1,500 contractors.

 

Quotes:

Premier Christy Clark ─

“Forestry plays a vital role in Vancouver Island’s diverse economy. By making investments and staying competitive, Western Forest Products is ensuring jobs stay right here in Nanaimo – jobs people can depend on to raise a family.”

Lee Doney, chair, Western Forest Products ─

“Our harvesting strategies and continued demand for our western red cedar and specialty lumber products allows us to make the needed strategic capital investment at this time. We recognize we need to continue to invest in our operations to maintain our strong competitive position.”

Steve Thomson, Minister of Forests, Lands and Natural Resource Operations ─

“The forest sector is a mainstay of B.C.’s economy and it’s encouraging to see Vancouver Island’s largest forest company continue to invest in forestry’s future.”

By: British Colombia News

Your comments.

  1. Hank says:

    Does this mean that the government is throwing in $30 million?

  2. Kevin says:

    Lets see, $30 million on a few mills when hundreds of millions have been spent by BC forest companies buying mills and timber south of the border. This highlights the lack of confidence in landuse certainty in our province as a result of government policy.

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