Opportunities NB and the Province of New Brunswick, Canada, are investing up to $1 million to support a $10-million upgrade of Arbec Forest Products production facilities in Miramichi.

The investment in the facility on Water Steet, which produces oriented strand board for the construction industry, will secure new equipment and technology that will increase productivity and quality control, maximize raw materials, be more environmentally-friendly and improve overall competitiveness.

The provincial investment of up to $1 million is in the form of a non-refundable contribution, with $500,000 coming from Opportunities NB and $500,000 from the Miramichi Regional Economic Development and Innovation Fund.

“Opportunities NB and the Province of New Brunswick have been real partners in our efforts to grow production at our Water Street facility,” said mill manager Les Flett. “We have enormous confidence in the skills of our workforce here in Miramichi and we hope that the more than $10-million worth of capital investments we are making speak to that very clearly.”

Arbec purchased the Miramichi plant in 2011 and began production in 2012 following renovations. The company currently employs 124.

 

Source: lesprom.com

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