Jul. 13, 2022
Western Forest Products Invests In BC Operations
Western Forest Products Inc. plans to invest approximately $29 million towards its British Columbia operations. The investments are part of the company’s ongoing commitment to support value-added manufacturing on the BC coast and grow its wood products business, all while continuing to improve its long-term competitiveness. These capital investments represent an increase of $13 million over and above the $16 million of capital investments discussed in the company’s first quarter analysis. The investments include $12.3 million in a continuous kiln at the Saltair sawmill in Ladysmith, BC, allowing for increased capacity for continuous drying of lumber, while reducing energy consumption; $7.9 million at the Duke Point facility in Nanaimo, BC, to optimize the centralized planer facility with new equipment, including a machine stress rated (MSR) lumber grading machine; and $8.3 million in other capital investments in the BC operations. Work on these investment projects is underway and is expected to be completed by 2023.