Marwood gets cash infusion
Feb. 3, 2014 – Marwood Ltd., a secondary wood products manufacturer in Atlantic Canada has gained financial support from the provincial and federal government to expand operations and create 20 new full-time jobs. The provincial government is providing a $1.2 million repayable loan and the federal government is providing a repayable investment of $500,000 through the Atlantic Canada Opportunities Agency.
"The expansion project involves the construction of a new wood scanning and optimizing plant, and the purchase of specialized wood scanning technology as well as trimming equipment to improve production efficiency," says the Operations Manager.
The move will increase wood recovery and productivity and make the mills more competitive in its export markets. The remanufacturer primarily uses rough shorts from local sawmills and specilizes in pressure treating.