Waking up Saskatchewan’s forest industry

The pulp mill in Prince Albert, Saskatchewan (shown when it was operating in this photo)—formerly owned by Weyerhaeuser and now owned by Paper Excellence—has been sitting idle for 16 years. Paper Excellence will be spending $550 million to refurbish and upgrade the facility, which will restart in 2023.

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Saskatchewan—the sleeping giant of the Canadian forest industry—has woken up big time, with over $1 billion in new capital investment sparked by a forest reallocation.

Saskatchewan has always been a sleeping giant in terms of its contribution to the Canadian forest industry, despite its massive and mature—though seriously under-utilized—forest resource. But it seems that the giant has now finally awakened.

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Source: Logging & Sawmill Journal

 

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