Western Forest Products announced investments of CAD$30 million in three of its British Columbia sawmills.
Of the CAD$30 million, CAD$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 the remaining CAD$2 million in its Chemainus and Ladysmith sawmills. These investments are part of the company’s CAD$125-million capital strategic investment program, which Western expects to improve its competitiveness and gain access to new markets.
“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,” said Chairman of WFP, Mr. Lee Doney.
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. Western Forest Products’ mills have a combined total production capacity of 1.1 billion board feet.