Ontario government invests $15M in Wawa OSB Inc.
By Ellen Cools
The Ontario government on April 11 announced a grant of up to $15 million over four years for Wawa OSB Inc.
The funding will help the company build a new state-of-the-art OSB plant. Wawa OSB is investing $181 million to build the OSB plant, which is the third OSB manufacturing facility in the province.
“This assistance is a key first step in financing our project to reopen the Wawa OSB mill,” said Yolaine Rousseau, executive vice-president, Wawa OSB Inc., in a press release. “The Cossette family is very excited about creating jobs in Northern Ontario and increasing our production capacity to better serve North American customers. I would like to reiterate our commitment to working with the various stakeholders, including the First Nations in the territory. Our team is proud and grateful to the Government of Ontario for recognizing the importance of this project to the province, and we will continue our discussions with the Government of Canada to obtain their support as well.”
The funding is provided through the Forest Sector Investment and Innovation Program, and is conditional on Wawa OSB completing several key project milestones including working with local Indigenous and municipal communities and Sustainable Forest License holders.