River Bend Wood Products shuts down
Feb. 19, 2015 – River Bend Wood Products, a hardwood flooring business based in Nova Scotia’s Antigonish County, is shutting down due to a lack of locally-sourced hardwood.
According to an article from The Chronicle Herald, the struggles are not new in the region. River Bend may be the newest company to go out of business due to the hardwood shortage, but it certainly isn’t the first and is not likely to be the last. Groupe Savoie, which operates a hardwood sawmill in nearby Westville, could be next due to a lack of available logs.
It was expected that the hardwood consumed at the Nova Scotia Power biomass boiler would be low-value hardwood, leaving the higher value stems to companies like Groupe Savoie. However, to this point, that has yet to materialize.
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