Resolute Forest investing $40M in Northwestern Ontario operations
Resolute Forest Products announced $40M in investments at its Northwestern Ontario operations, in addition to $13.5M in major maintenance and the creation of 25 new jobs. The investment plan includes $14.7M for the company's Thunder Bay pulp and paper mill to improve energy efficiency and reduce greenhouse gas emissions, as well as $14.3M to improve pulp capacity, reduce costs and maintain assets. Resolute also expects to spend $13.5M in major maintenance at the facility in 2018. An additional $5.6M is earmarked for the modernization of the planer line at the company's Thunder Bay sawmill, located on Fort William First Nation land, as well as $5.4M to optimize its Atikokan, Ignace and Thunder Bay sawmills. These initiatives are expected to increase the annual production capacity of the facilities by a combined 50M board feet of lumber. Twenty-five full-time jobs have been created. Close to 90% of the new lumber and pulp capacity is destined for export markets. More than half of project expenditures are slated for the last quarter of 2018.