Wood Business

Industry News News
$1B in forestry industry upgrades

July 22, 2013 – J.D. Irving Ltd. and other forest companies have assembled plans for possible investments in the forest sector, which could add up to $1 billion.

The $1 billion would be spent on mill upgrades and silviculture if the provincial government will guarantee the companies enough long-term access to Crown land, according to an official.

"That amount is not exclusively with our company, although we do represent a significant amount of what will be potentially invested," said Mary Keith, the vice-president of communications with J.D. Irving.

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