EACOM welcomes Ontario budget, including measures that support Ontario's forest products sector

MONTREAL, April 24, 2015 /CNW Telbec/ - EACOM Timber Corporation is pleased to see the needs of the forest products industry addressed in the 2015 Ontario provincial budget, which was delivered today by Finance Minister Charles Sousa.

EACOM is pleased with Premier Wynne's commitment of $60 million in resource road funding for 2015-16 and 2016-17. This funding demonstrates the Government's support for building and maintaining public resource access roads in Northern and rural Ontario that benefit all Ontarians.

The Company is also pleased with the government's maintenance of competitive pricing of Ontario's hardwood base dues. This measure will support the full utilization of Ontario's 26 million m3 of sustainable fibre and help build a competitive advantage for Ontario forest products.

"We'd like to thank Minister Bill Mauro and the Ministry of Natural Resources and Forestry for their continued support of Ontario's forestry products sector," said Kevin Edgson, President and CEO of EACOM Timber Corporation. "Our forest products sector is a world leader in innovation, trade, diversification, and sustainability. The support provided in the 2015 budget will continue to strengthen an industry that is emerging from difficult times, and create stability for our people and the communities in which we work."

EACOM is proud to be a part of Ontario's forest products sector, which generated nearly $5 billion in exports in 2013 and directly employs 56,500 people. Working together with the provincial government, the sector expects to see continued growth, providing innovative, sustainably harvested wood products to consumers in Canada and around the world.

 

About EACOM

EACOM Timber Corporation is a major Eastern Canadian wood products company formed in 2008. Operations include the manufacturing, marketing, and distribution of lumber and wood-based value-added products, and the management of forest resources. EACOM currently owns seven sawmills (five in Ontario, two in Quebec), a remanufacturing facility (Quebec), and a partnership operation in an engineered I joist plant (Ontario) for a total of 800 employees. The Company is committed to investing in strong assets, including healthy forests, advanced technology, and talented people. For more information visit our website at www.eacom.ca and follow us on Twitter @EacomCorp.

 

SOURCE EACOM

For further information: Isabelle Des Chênes, Director, Government Relations and Communications, EACOM Timber Corporation, T: 514-848-5576, C: 514-226-7873, isabelle.deschenes@eacom.ca

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