In a significant move to bolster the forestry sector in Northern Ontario, the Government of Canada, through the Federal Economic Development Agency for Northern Ontario, has announced a substantial investment of $500,000 in Sturgeon Falls Brush and Contracting Limited. This funding, revealed by Marc G. Serré, Member of Parliament for Nickel Belt, marks a pivotal moment for the company and the region's lumber industry.
The investment will primarily facilitate the purchase of an advanced boiler system, enabling SFB to dry lumber to meet the specific requirements of its clients in the cross-laminated timber industry. This state-of-the-art boiler will utilize biomass from area mills as its heat source, showcasing a commitment to sustainable practices within the industry. The integration of this technology is expected to significantly enhance SFB's production capabilities and expand its product offerings.
SFB, a company with roots dating back to 1971, has long been recognized as an industry leader in forestry, utility right of way clearing, and road building. The company's expansion plans, supported by this FedNor funding, are set to create three new skilled positions, contributing to local employment opportunities. Moreover, the ability to produce and sell kiln-dried lumber as a new product line is anticipated to boost the company's revenues substantially.
The impact of this investment extends beyond SFB itself. Over the coming years, the company's growth is expected to attract new businesses and investments to Sturgeon Falls, potentially transforming the local economic landscape. This aligns with the Government of Canada's broader strategy to support innovation, technology adoption, and business scale-up in Northern Ontario, fostering strong local economies that benefit entire communities.
Minister Patty Hajdu, responsible for FedNor, emphasized the importance of this funding in building a fair economy in Northern Ontario. The investment is seen as a crucial step in supporting the forestry sector, creating well-paying jobs, and ensuring long-term economic stability in the region. Similarly, MP Marc G. Serré highlighted the multi-generational job opportunities provided by the forestry sector and expressed enthusiasm for following SFB's progress in the coming years.
André Larcher, CEO of Sturgeon Falls Brush and Contracting Limited, expressed gratitude for FedNor's support, acknowledging the critical role this funding will play in the company's growth strategy. He emphasized SFB's pride in investing in the community and creating quality employment opportunities in Northern Ontario. This sentiment underscores the symbiotic relationship between government support, business growth, and community development.
