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Ontario invests $2.6M in forestry companies in Algoma, Manitoulin regions


June 12, 2019
By Ellen Cools
Ellen Cools

The Ontario government has announced the forestry sector in the Algoma Region and Manitoulin Island will receive $2.6 million. The investment will result in 138 new full-time jobs.

Of the $2.6 million, $2 million will go to Hornepayne Lumber in Hornepayne, Ont., to reopen the town’s sawmill.

Kenogami Lake Lumber in Hallébourg, Ont., will receive $255,349 to purchase hauling equipment to expand its operations.

Meanwhile, $175,259 will go to Chapleau, Ont.-based True North Timber to buy hauling and harvesting equipment.

Finally, EACOM Timber’s Nairn Centre, Ont., mill will receive $41,058 to introduce a new trim block recovery system.

“The forestry industry is vital to the north’s economy,” said Greg Rickford, Ontario Ministry of Energy, Northern Development and Mines, in a government news release. “With these investments, we are making our forestry sector more sustainable and creating jobs for northern communities – sending a strong signal to the world that Northern Ontario is open for business and open for jobs.”