Growing demand from the U.S. housing markets has convinced Tolko Industries the time is right to reopen its Athabasca mill in Slave Lake.
The company is proceeding with preparations to reopen its oriented strand board (OSB) and engineered wood products mill early in 2014, president and CEO Brad Thorlakson announced Tuesday. Tolko, a private, Canadian-owned forest products company based in Vernon, B.C., closed the plant in 2009.
“Before we could commit to the significant financial and human resource investment required to restart the mill, we had to determine, to the greatest degree possible, that current improvements in market conditions are sustainable,” Thorlakson said in a release.
“We are confident about the future of the industry and look forward to positive years ahead. Reopening Athabasca confirms our commitment to meeting the needs of our customers through innovation and product development.”