Canadians investing $24M to grow wood markets
Friday 2 Aug 2019
Canada Wood Group will receive $16,786,200 to help diversify and expand Canadian forest product exports to traditional and new offshore markets. According to a government news release, the funding will help enable market research; assist in the transfer of technology; promote standards that will increase wood use in construction; and provide wood design and construction training in China, Japan, South Korea, India and Europe.
Meanwhile, Forestry Innovation Investment, B.C.’s market development agency for forest products, will receive $3,394,709 to promote training, e education and wood use overseas, specifically in India, Vietnam and China.
The BC Council of Forest Industries (COFI) is set to receive $1,925,378 to help create business leads for wood-frame construction in China, Japan and South Korea. According to the press release, the money will also help COFI reinforce the Canada Wood brand as a “go-to” source for wood construction and manufacturing technology.
The government has committed $944,028 for BC Wood Specialties Group to help small and medium-sized companies become more export-ready and facilitate business-to-business opportunities for their membership through trade shows and missions.
The Wood Pellet Association of Canada (WPAC) will receive $926,360 to promote the interests of domestic wood pellet producers, help its members grow by promoting wood pellet use in Canada and globally, and support market and technical research, as well as promote fair and open energy trade.
Finally, $33,000 will go to the Western Red Cedar Lumber Association to help increase its online presence in several international markets, in order to maintain and grow the demand for western red cedar.
The funding is provided through Natural Resources Canada’s Expanding Market Opportunities program, which supports market development for Canada’s forest products industry.
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