FORD GOVERNMENT ANNOUNCES MONEY FOR RESOLUTE

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(THUNDER BAY, ON) โ€“ย Today, Premier Doug Ford and Jeff Yurek, Minister of Natural Resources and Forestry, announced that Resolute Forest Products will be investing $40 million into Ontarioโ€™s Northwestern operations, and an additional $13.5 million into maintenance and job creation at the Thunder Bay pulp and paper mill.

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โ€œThe forestry sector contributes $15.3 billion to Ontarioโ€™s economy. Thatโ€™s more than 150,000 good jobs across rural and Northern Ontario,โ€ said Ford. โ€œOur government was elected to create and protect good jobs like these for workers and their families, and bring prosperity to long-overlooked communities in the North. Resolute knows Northern Ontario is Open for Business.โ€

The expansion of the Thunder Bay pulp and paper mill by Resolute Forest Products signals their confidence in Ontarioโ€™s economy, and will create an additional 25 new full-time jobs. In addition, the companyโ€™s investment plan includes $14.7 million to improve energy efficiency at the mill and cut greenhouse gas emissions, $9 million for the pulp capacity expansion project, $5.3 million for facility upgrades, as well as $13.5 million for maintenance costs.

โ€œTodayโ€™s investment builds on the momentum of Premier Fordโ€™s policies that have declared Ontario open for business,โ€ said Yves Laflame, President and CEO of Resolute Forest Products. โ€œMinister Yurekโ€™s first words to me last July were that his ministry would be working with the forest industry and its workers โ€” Premier Fordโ€™s government will be a supporter of job creators like Resolute, not a barrier to jobs and growth.โ€

โ€œToday is a great day for Resolute, and for the future of Ontarioโ€™s forestry sector,โ€ said Yurek. โ€œThis investment not only emphasizes the opportunities in this sector, but the real need for a Provincial Forestry Strategy โ€” and we are developing just that. I am confident we can grow our economy, create new jobs and encourage more investments across the povince.

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Live stream below:

https://www.facebook.com/ONresources/videos/346135536204516/

Quick Facts

  • Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, tissue, wood products, newsprint and specialty papers. The company has operations in 40 manufacturing facilities across Canada and the United States.
  • Resolute employs close to 900 workers across its Northwestern Ontario pulp, paper and wood products and woodlands operations.
  • Resolute is also investing $5.6 million into the modernization of the planer line at the Thunder Bay sawmill, as well as $5.4 million for improvements at the Atikokan, Ignace and Thunder Bay sawmills.
  • This investment is expected to increase the annual production capacity of the sawmill facilities by 50 million board feet of lumber.

Source: Government of Ontario

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