B.C. forestry company to spend $29M on upgrades to Vancouver Island worksites
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. (WFP) 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.
Meanwhile, roughly $7.9 million will go towards the company's facility in Duke Point, Nanaimo.
The funding will be used to purchase new equipment for the facility, including a machine stress rated lumber grading machine, which can assess lumber grade quality for use in fabricated products like roof trusses, mass timber and glulam.
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.
WFP says all three investments are underway, with equipment expected to come online by 2023.
"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.
CTVNews.ca Top Stories
Quebec nurse had to clean up after husband's death in Montreal hospital
On a night she should have been mourning, a nurse from Quebec's Laurentians region says she was forced to clean up her husband after he died at a hospital in Montreal.
'Anything to win': Trudeau says as Poilievre defends meeting protesters
Prime Minister Justin Trudeau is accusing Conservative Leader Pierre Poilievre of welcoming 'the support of conspiracy theorists and extremists,' after the Conservative leader was photographed meeting with protesters, which his office has defended.
'My stomach dropped': Winnipeg man speaks out after being criminally harassed following single online date
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.
What is changing about Canada's capital gains tax and how does it impact me?
The federal government's proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here's what you need to know about the move.
Bank of Canada officials split on when to start cutting interest rates
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
Pilot reported fire onboard plane carrying fuel, attempted to return to Fairbanks just before crash
One of the two pilots aboard an airplane carrying fuel reported there was a fire on the airplane shortly before it crashed and burned outside Fairbanks, killing both people on board, a federal aviation official said Wednesday.
Police tangle with students in Texas and California as wave of campus protest against Gaza war grows
Police tangled with student demonstrators in Texas and California while new encampments sprouted Wednesday at Harvard and other colleges as school leaders sought ways to defuse a growing wave of pro-Palestinian protests.
'One of the single most terrifying things ever': Ontario couple among passengers on sinking tour boat in Dominican Republic
A Toronto couple are speaking out about their 'extremely dangerous' experience on board a sinking tour boat in the Dominican Republic last week.
7 surveillance videos linked to extortions of South Asian home builders in Edmonton released
The Edmonton Police Service has released a number of surveillance videos related to a series of extortion cases in the city now dubbed 'Project Gaslight.'