The province is supporting Weymouth's Lewis Mouldings and Wood Specialties Ltd. through a loan guarantee to continue its efforts to modernize, hire and expand into new markets.
"Dozens of families depend directly on Lewis Mouldings, and hundreds more businesses in the Weymouth area and across the province benefit from the company's efforts indirectly," said Economic and Rural Development and Tourism Minister Percy Paris. "Lewis Mouldings is an important contributor to Nova Scotia's forestry industry, and the province is keen to support this long-standing, family-owned business as it continues to grow, compete and hire."
Lewis Mouldings manufactures white pine mouldings, baseboards and other materials. The company also produces Fiber Fuel, a compressed briquette made from wood waste and used as an alternative to conventional firewood.
The province will provide a $1.6-million loan guarantee that will help the company expand its business and maintain and create jobs in rural Nova Scotia.
"This loan guarantee helps our family-owned company overcome some of the hurdles brought on by a difficult time in Nova Scotia's changing forestry industry," said Lewis Mouldings general manager Jamie Lewis. "Now, we have the support we need to expand our traditional moulding work, and continue our efforts to develop new and innovative products like Fiber Fuel.
"We've become innovators in the wood industry, and we will keep looking for new and creative ways to sustainably add value to Nova Scotia's forestry industry."
The Lewis family has operated in Weymouth for more than 60 years. Lewis Mouldings now employs 75 people at its 60,000 square-foot facility.