Resolute Continues Sawmill Enhancements
Resolute Forest Products Inc. announced capital investments of $50 million in its wood products operations, including: $22 million to modernize equipment at the Senneterre, Quebec sawmill; $13 million at the Thunder Bay/Fort William First Nation, Ontario sawmill to increase capacity by up to 40MMBF with new equipment and modifications to the fiber flow; and $15 million at the Glenwood, Ark. and Cross City Fla. sawmills to support fiber optimization and overall efficiency. The Cross City investment will also increase capacity by up to 20MMBF.
The improvements at the U.S. sawmills build on the previously announced investments associated with the restart of the El Dorado, Ark. sawmill. The company anticipates completing all the projects by the end of the third quarter of 2022.
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