The Forest Products Association of Canada (FPAC) today commended the Canadian government on the Investments in Forest Industry Transformation (IFIT), a program dedicated to the integration of transformative investment technology in traditional mills – pulp and paper, newsprint, wood panels, and others – across the country. The $100 million IFIT program is expected to facilitate the transformation of the forest products industry into a world bio-energy leader.
“Today’s announcement makes it clear that the Canadian government understands that jobs in the forest industry can only be secured through transformation and that they are ready to play their part,” said Avrim Lazar, President and CEO of FPAC. “The Canadian forest products industry has radically altered its business strategy to emerge from the economic downturn as an engine of growth. Our focus has been on finding solutions and meeting market demand for superior environmentally-sustainable products that maximize product value, and minimize environmental impacts, while securing jobs in rural communities across Canada.”
Click here to read the entire article.