Tolko Industries announced restart of its oriented strand board (OSB) mill, located near High Prairie, Alberta in Canada. The production is expected to begin in the first quarter of 2018.
According to the announcement, the mill has been closed since 2008 when North American housing starts fell to a generational low, resulting in a loss of markets for oriented strand board. The company made decision to restart the mill due to the markets improvement.
Brad Thorlakson, President and CEO of Tolko, commented:
“We’re very happy to get this mill back up and running — it’s good news for our people and for northern Alberta. We are confident that current improvements in market conditions are sustainable and that customer demand for Tolko oriented strand board products will remain strong.
We would like to thank the Rachel Notley led Government of Alberta and Agriculture and Forestry Minister, Oneil Carlier, for the recent decision to grant a five-year extension to the existing Tolko High Prairie forest management area. This was key to the restart decision.”
The company is a leading manufacturer of a wide range of forest products for customers around the world. The company offers lumber, OSB, plywood and veneer, and kraft paper in its product portfolio, as well as related services. Its operations located throughout Western Canada.