Ontario invests $10 million to support wood innovation project in Huntsville
Ontario Construction News
AI Article Summary
The Ontario government is investing $10 million in Daiken North America to enhance its laminated board production line and develop a new wood panel product. This funding is part of the Forest Sector Investment and Innovation Program and is a component of a larger $70-million project. The initiative aims to support wood innovation in Huntsville, Ontario.
What This Means for Canadian Contractors
This project shows how the Ontario government is committed to advancing wood innovation, which could lead to more sustainable construction practices. For Canadian builders, this means potential opportunities in the supply chain for new wood technologies and materials. It may also catalyze further investments in lumber production and increase demand for skilled labor in the forestry sector.
