BC Injects $6.2M To Grow Global Wood Markets
Prince George, BC – While the morning session pondered the challenges posed by a dwindling wood fibre supply, the Council of Forest Industries (COFI) convention also provided the backdrop for Forests Minister, Steve Thomson’s, annual funding announcement to support expanding global markets for BC wood products.
This year, Thomson said $6.2-million dollars in funding is being made available to nine industry trade associations that deliver market development programs on behalf of government and industry. That’s comparable to last year’s allotment of $6.1-million. The programs are delivered on a cost-shared basis, with additional money from industry and the federal government.
“With this funding, the Council of Forest Industries will continue to promote BC’s world-leading forest products to growing economies in Asia, including China and South Korea,” said COFI President, James Gorman. “Our members are already leaders within the global forest products industry, helping to drive the economy of BC and the communities in which they operate.”
Forestry Innovation Investment, the province’s market development agency administers the funding. Based on a competitive Call for Proposals, the lion’s share of this year’s funding – $3.3-million dollars – will be going to the Canada Wood Group to expand the use of BC wood products in the construction and re-manufacturing sectors in China by providing training and quality support. It will also be used to expand the BC forest sector’s representation in China, Japan, Korea, and India.
The BC Wood Specialties Group has received $629-thousand dollars in funding to pursue niche opportunities for value-added products in Canada and the United states and to develop opportunities and increase sales in Asia, Mexico, and Eastern Europe.