BC Government Contributing $1.34 Million Toward Woodtone Specialties Expansion
The BC Provincial Government announced on Wednesday (10-11-23) that it is contributing as much as $1.34 million (CAD) towards Woodtone Specialties’ capital expansion to increase efficiency, improve fiber recovery, and add a new product line that will create 50 new jobs at the company.
The new product line will see Woodtone producing smooth-face engineered cedar siding and fascia from second-growth knotty wood, which has high demand in a market that traditionally relied on old-growth trees.
Woodtone operates its facility using renewable, second-growth fiber and uses material that is traditionally considered waste wood to create sought-after custom lengths and sizes of value-added wood products, according to the press release.
Woodtone has a memorandum of understanding (MOU) with the Adams Lake Band, which previously received $1 million from the BC’s Rural Economic Diversification and Infrastructure Program (REDIP) to create an Indigenous forestry supply chain value-added joint venture along both Woodtone and Gilbert Smith Forest Products. The REDIP project will support job growth by providing training and new employment to Adams Lake Bands members while providing a new revenue stream.
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