Plywood mill gets ACOA funding

August 10, 2015

By: Atlantic Farm Focus

Owner plans to be in production this fall

The Riverstone Plywood Mill in Miramichi, New Brunswick should be back in production this fall.

According to the Miramichi Leader, the mill received $2 million from the Atlantic Canada Opportunities Agency (ACOA) on July 31.

Owner Jean-Yves Cardinal of Quebec told the newspaper that although the mill had been idle for over six years the equipment had been tested in January and was in good shape. He said it would need minor retooling.

 “The mill will likely harness a 63,000 cubic-metre Crown allocation while relying heavily on outside shipments in order to meet its raw fibre needs,” Cardinal told the Miramichi Leader.

The province approved Riverstone Plywood Mill’s business and industrial plans in 2014.

Cardinal said the mill would employ around 45 direct staff when it started up. He expects that number will increase to 100 or more.

By: Atlantic Farm Focus

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