Provincial Wood Supply Competition Wrapping Up
Over the horizon, many returned to work at Terrace Bay Pulp as the province province is providing a conditional $25 million term loan to TBPI to help refinance the restart of the mill. Photo OntarioNewsNorth.com 2011
McGuinty Government Putting Ontario Wood to Work, Creating Jobs
As Ontario’s wood supply competition comes to a close, three more forestry companies have accepted offers, creating 55 new jobs and protecting 741 existing jobs.
So far, 34 offers have been accepted, creating 613 jobs and protecting another 2,370 existing jobs while helping local economies.
This includes three companies in Northwestern Ontario:
- AbiBow Canada Inc. in Fort Frances will increase pulp and paper production to previous levels, and generate power at the mill. The new wood allocation will help protect 584 jobs
- Weyerhaeuser Company Limited in Kenora will increase production at its laminated strand lumber plant, creating 43 new jobs and protecting 157 jobs
- Wincrief Forestry Products L.P. in Kenora will build a plant to manufacture utility poles at its modular housing plant, creating 12 new jobs.
The competition aimed to put unused wood to work while the Province took steps to introduce a new forest tenure and pricing system.
Helping build a stronger forest industry is a key component of the plan laid out in Ontario’s 2011 Budget – Turning the Corner, to create and support 10,000 new and existing jobs for Ontario families, and to strengthen local economies.
QUICK FACTS
- AbiBow Canada Inc. in Fort Frances has accepted a wood supply offer of 317,500 cubic metres per year of merchantable and unmerchantable spruce, pine, fir, white birch and poplar.
- Weyerhaeuser Company Limited in Kenora has accepted an offer of 72,000 cubic metres per year of merchantable white birch and poplar.
- Wincrief Forestry Products L.P. in Kenora has accepted an offer of 17,000 cubic metres per year of merchantable spruce, pine and fir.
- The 34 accepted wood supply offers announced to date will put to use a total of 4,762,800 cubic metres per year of wood.
LEARN MORE
- Learn more about Ontario’s Forests
- Find out how a thriving forest products sector is an important component of the Growth Plan for Northern Ontario
CLOSER TO HOME
- Taking Next Steps To Modernize Forest Sector Near Marathon (OntarioNewsNorth.com coverage incl. videos of speeches by area Chiefs and Mayors).
- SUPPORTING THE FOREST INDUSTRY IN CHAPLEAU
- Province provided a conditional $25 million term loan to Terrace Bay Pulp Inc. to help refinance the restart of the mill in 2010.
