Home: Global Wood | Industry News & Markets |
$7M in Funding Announced for
Okanagan Falls Mass Timber Mill |
Mercer Mass Timber, which purchased Penticton-based mass timber manufacturer Structurlam last year, will receive $7 million through B.C.¡¯s Manufacturing Jobs Fund (BCMJF) ; funding to support purchase of new manufacturing equipment, completion of upgrades, enhance glulam production, hire former employees ¡°BCMJF funding will support the purchase of new advanced manufacturing equipment and completion of factory upgrades that will modernize the facilities, improve production efficiencies, and scale manufacturing of a wider variety of mass-timber products,¡± a press release states. Mercer purchased the facility following Structurlam¡¯s bankruptcy. At that time, many employees were laid off when Structurlam closed. The new funds will also go towards rehiring employees who were laid off, supporting 28 local jobs. ¡°This support enables us to create jobs and boost the local economy while solidifying B.C.¡¯s position as a global leader in the mass-timber industry,¡± said Brian Merwin, senior vice-president with Mercer Mass Timber. ¡°Mercer Mass Timber is determined to lead the way in sustainable mass timber and this partnership significantly strengthens our ability to do so. We¡¯re excited for what¡¯s to come and how we can all make a positive difference within the industry.¡± The BCMJF is part of a series of programs that the province has introduced to support sustainability in B.C.¡¯s forestry sector. To date, 72 per cent of BCMJF projects focus on forest-sector transition to high-value products, creating and protecting more than 2,500 forest-sector jobs. In January 2023, the Ministry of Forests introduced a new program to establish a dedicated fibre supply for small and medium-sized manufacturers, to increase the flow of fibre and find ways to expand local production of high-value wood products. A strong made-in-B.C. wood-manufacturing industry diversifies the forestry sector, creating new jobs and protecting existing jobs, while buffering against global market challenges. Clean and Competitive: A Blueprint for B.C.¡¯s Industrial Future lays out the Province¡¯s work to drive new investment, create new jobs and seize new opportunities in growing clean-energy and sustainable industries. Supporting local manufacturing sectors helps leverage B.C.¡¯s strengths to create good jobs and opportunities in every community and will improve the quality of life for people, while strengthening B.C.¡¯s diverse economy. Source: mercermasstimber.com |