Government grants Bowater $1.39M
September 22, 2006 By Pulp & Paper Canada
Through the Forest Sector Prosperity Fund, the McGuinty government is giving Bowater a $1.39 million grant. The mon…
Through the Forest Sector Prosperity Fund, the McGuinty government is giving Bowater a $1.39 million grant. The money is intended to help the company finance a $13.9 million investment in its Thunder Bay facility involving the conversion of a paper machine to the production of uncoated mechanical paper from newsprint.
“We’re on the side of northerners,” said Natural Resources Minister David Ramsay. “The investments we’re making through the fund support a key engine of our economy the forest sector to make that sector more competitive, and secure good jobs in the North.”
“We would like to thank Minister Ramsay and the Ministry of Natural Resources for the contribution they are making to Bowater’s Thunder Bay operation,” said Don Campbell, vice president and resident manager of Bowater’s Thunder Bay mill.”
“This project will assist our facility in moving towards the manufacture of new paper grades and is a step towards an improved competitive position for the operation.”
The $150 million Forest Sector Prosperity Fund was established to help companies invest in their own future and the future of the communities that depend on them.
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