HUNTSVILLE, ONT. — The Ontario government is investing $10 million through the Forest Sector Investment and Innovation Program to help Daiken North America upgrade its laminated board production line at its Huntsville facility.
“This investment will help the company bring a first-of-its-kind wood panel product to market, create jobs and boost productivity,” states a release.
“Daiken’s $70 million project will equip them to manufacture a new type of wood panel used in flooring, recreational vehicles and modular housing, while supporting 128 existing jobs and creating 10 new jobs.”
The product is the first of its kind in the world and will be made available to domestic and international markets.
Under the Forest Sector Investment and Innovation Program, over $72 million will be invested to help Ontario forestry companies develop and implement innovative technologies, improve productivity and enhance their competitiveness, the release adds.
