Ontario Supports Growth of Plywood Mill



    McGuinty Government Helps Secure Jobs In Hearst

    HEARST, ON, Feb. 15 /CNW/ - Ontario is strengthening the local forest
industry by providing a grant to Columbia Forest Products to invest in
innovative technology that will secure good jobs in Hearst.
    The more than $300,000 grant supports the installation of over $3 million
in new equipment at Columbia's Hearst plywood mill. The mechanized scanning
and patching equipment will boost the mill's competitiveness and help secure
over 250 jobs.
    "Our government is working with businesses in Ontario's north to create
more opportunities for hard-working Ontarians and their families," said
Natural Resources Minister Donna Cansfield. "The Forest Sector Prosperity Fund
is helping our forest sector become more competitive, and creating and
securing good jobs right here in Northern Ontario."
    "The new equipment means our plywood operation will be more competitive
and efficient," said Tim Schallich, vice president, Northern Division,
Columbia Forest Products. "The contribution from the government has helped us
to move ahead with this initiative."
    The investment comes from Ontario's Forest Sector Prosperity Fund. It and
the Loan Guarantee Program are part of the McGuinty government's over
$1- billion plan to help forest companies invest in the future of their
business and the prosperity of local communities.
    To date, the Ontario government's forest sector investments have created
or secured 4,770 jobs and leveraged $376 million in investments province-wide.

    
    Disponible en français

                               ontario.ca/mnr
    





For further information:

For further information: Media Calls Only: David Bauer, Minister's
Office, (416) 314-2212; Rick Winston, Communications Services Branch, (416)
314-2123

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Ontario Ministry of Natural Resources

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