TerraceBC backs bid for Skeena Sawmills provincial aid package
Skeena Sawmills has asked the provincial government to help finance a $17.5 million plan to return its sawmill and adjacent Skeena Bioenergy pellet plant to profitability within three years.
– Adding a second dry kiln which would cost $5 million at the low end or possibly as high as $10 million depending upon availability. This would increase the value of the final product because it would be dry. That’s because a saw trimmer as part of that phase would boost its timber production to 40 per cent of its total production from the current 12 per cent.
China-based Roc Holdings purchased the sawmill from West Fraser in 2011 and since then company officials have said it has lost $135 million.
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