B.C. forestry company to spend $29M on upgrades to Vancouver Island worksites

📆 7/7/2022 2:19 AM
📰 CTVNewsVI

⏱ Reading Time:
41 sec. here
2 min. at publisher
📊 Quality Score:
News: 20%
Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

A B.C. forestry company is spending nearly $29 million on upgrades to its mills and facilities on Vancouver Island.

On Wednesday, Western Forest Products Inc. announced it was upgrading its worksites in Ladysmith, Nanaimo and Chemainus.

Some $12.3 million will go towards adding a new kiln at the Saltair sawmill in Ladysmith. There are currently three kilns at the site, and the new continuous kiln will allow the mill to dry more lumber at a time while also reducing energy consumption, according to WFP.

The remaining $8.3 million will be used on "other capital investments," according to WFP, including a new "value-added division" for its Chemainus worksite."Congratulations to Western Forest Products on these substantive value-added investments on Vancouver Island," said B.C. Jobs Minister Ravi Kahlon in a statement Wednesday.

"These projects will strengthen our province’s position as a world leader in mass timber and developing value-added wood products," he said.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vancouver Island company retrofits Boeing 737 into firefighting planeThe aircraft will fly to Idaho on Tuesday to get its aviation inspection before being put to work in the U.S. and then Australia on a multi-year contract. oh god don't don't get them going again on the martin mars please.
Source: CTVNewsVI - 🏆 28. / 68 Read more »