Resolute Forest Products today
announced the construction of a new sawmill in the area of Atikokan, Ontario.
This investment reflects Resolute's ongoing commitment to the solid wood
business and will provide significant economic opportunities for First Nations
in the region.
The Atikokan project will
involve the construction of a single line random length (16 ft) sawmill with an
annual capacity of 150 million board feet. Approximately 90 people will be
directly employed by the operation, and additional indirect positions will be
created for hauling finished lumber and residual chips. Final site selection in
the Atikokan area will be completed in the next few weeks, and construction is
anticipated to begin in the spring, with completion targeted for early 2014.
The capital cost of the project is estimated at C$50 million.
