EACOM praised Ontario provincial budget

 Tuesday, April 28, 2015

EACOM has welcomed Ontario provincial budget which is delivered by finance minister Charles Sousa. The budget took couple of steps to cater the need of forestry. Premier Waynne has kept $60 million in resource road funding for 2015-16 and 2016-17. This funding demonstrates the Government’s support for building and maintaining public resource access roads in Northern and rural Ontario that benefit all Ontarians.

 
The Company is also pleased with the government’s maintenance of competitive pricing of Ontario’s hardwood base dues. This measure will support the full utilization of Ontario’s 26 million m3 of sustainable fibre and help build a competitive advantage for Ontario forest products.

 
“We’d like to thank Minister Bill Mauro and the Ministry of Natural Resources and Forestry for their continued support of Ontario’s forestry products sector,” said Kevin Edgson, President and CEO of EACOM Timber Corporation. “Our forest products sector is a world leader in innovation, trade, diversification, and sustainability.The support provided in the 2015 budget will continue to strengthen an industry that is emerging from difficult times, and create stability for our people and the communities in which we work.”

 
EACOM is proud to be a part of Ontario’s forest products sector, which generated nearly $5 billion in exports in 2013 and directly employs 56,500 people. Working together with the provincial government, the sector expects to see continued growth, providing innovative, sustainably harvested wood products to consumers in Canada and around the world.

Tags: EACOM, Finance minister Charle Sousa, forestry, Provincial budget