New OSB Mill For Saskatchewan
One Sky Forest Products Ltd. (One Sky), together with its Indigenous partners, is moving forward with the development of a best-in-class commodity oriented strandboard (OSB) facility in Prince Albert, Saskatchewan.
One Sky has brought together experts that are internationally recognized for leadership in the forestry industry. An objective of the project is to have significant equity investment and ownership by Indigenous communities in Saskatchewan. Current partners are Peak Renewables Ltd., local investors and twelve First Nations represented by Montreal Lake Business Ventures, Meadow Lake Tribal Council together with Big River First Nation, and Wahpeton Dakota Developments. The company is also sourcing fiber through agreements with First Nations and other forestry businesses located in the Prince Albert region.
Located near the dense and productive forests of Prince Albert, SK, the company is in a strong position to meet global market demands through strategic partnerships, competitive pricing and the optimization of forestlands. The new OSB facility will be strategically located relative to major OSB markets with excellent rail and road infrastructure available. “The One Sky OSB product will be the most environmentally friendly product on the market,” according to the company. The new facility will provide approximately 700 jobs in the forest sector with the priority of hiring a predominantly Indigenous workforce.
“As an investor in the One Sky Forest Products OSB Facility, Wahpeton Dakota Developments looks forward to contributing to the creation of new jobs and business opportunities in the Prince Albert region,” says Cy Standing, Chair of Wahpeton Dakota Developments. “We are thrilled to be investing in a facility that will create added economic opportunities to Saskatchewan as it manufactures a durable product that is in demand locally, nationally and internationally.”
Startup of the facility is targeted for 2023; with construction start targeted for the third quarter of 2022.
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