Canfor Corporation officially reopened its operations at Radium Hot Springs, B.C. on October 29, following a $38.5-million capital investment to upgrade the sawmill and build a new planer mill.
The mill is expected to run at full capacity in 2013 when it will produce an estimated 240 million board feet annually. The mill will directly employ 144 people.
"This investment shows how optimistic Canfor is about the future of our industry and this region," sad Canfor president and CEO Don Kayne. "The mill has been totally reconfigured so it can produce high-quality lumber products for customers around the globe, and do so efficiently and competitively."
Radium Mayor Dee Conklin said the mill's resurrection is a dream come true for the village and the entire Columbia Valley.
"I want to congratulate Canfor for its vision, and thank Don Kayne and his team for delivering this long-term commitment to our community," said Conklin.
Forests Minister Steve Thomson called the move "clear evidence of the success of innovative and progressive measures British Columbia has taken to strengthen the forest industry."
"Our government, in partnership with the Canadian government and the BC forest industry, has developed new markets and increased demand for our forest products, leading to jobs and economic benefits for families in communities like Radium Hot Springs," he said.
For more information about Canfor's investment in Radium Hot Springs please click here.