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Province invests $15 million in new wood manufacturing plant in Northern Ontario
The Ontario government is providing a grant of up to $15 million over four years to Wawa OSB Inc. through the Forest Sector Investment and Innovation Program to support a new state-of-the-art plant that will produce oriented strand board (OSB), an important material for building new homes. This investment will build a stronger forestry sector, create jobs and bring economic growth to northern and Indigenous communities.
“Funding this new plant is a win for Ontario, Wawa OSB Inc., and the entire community of Wawa,” said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry. “An investment of this size is one more way our government is supporting forestry and ensuring we secure the materials we need for our plan to Build Ontario. This exciting opportunity is another example of a new company choosing to invest in Ontario because of an improved business environment, and it will bring good jobs back to this region and benefit Indigenous communities.”
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