PowerWood and Squiala First Nation Partner to Launch
State-of-the-Art Thermal Modification Facility
New Facility to Produce High-Value, Durable Wood Products
and Reduce Reliance on Old-Growth Fibre
Agassiz, British Columbia — October 7, 2024 — PowerWood Corporation, a leading manufacturer of specialty and value-added wood products, proudly announces a new partnership with the Squiala First Nation to develop a state-of-the-art thermal modification manufacturing facility. This cutting edge facility will produce high-value, thermally modified wood products that offer enhanced stability and durability, making them ideal for various architectural and construction applications.
The partnership is a key step in reducing PowerWood’s reliance on old-growth fibre by diversifying its sources and focusing on underutilized species, primarily from second-growth forests. This initiative aims to promote more sustainable forestry practices across British Columbia.
“This partnership with the Squiala First Nation marks a significant milestone in our commitment to sustainability and innovation,” said Jake Power, President and Managing Director at PowerWood Corporation. “Our new thermal modification facility will not only allow us to produce top-tier wood products but also support the responsible use of B.C.’s second-growth forests. We are thrilled to be leading this important shift within the wood manufacturing industry.”
In addition to the partnership in Thermal Modification, Power Wood will invest $8M in its current facility to improve processing speed and efficiency. The facility upgrades, which include new wood moulders, saws, handling and packaging equipment are already in progress and are slated for completion by the end of 2026. The combination of facility upgrades and the new thermal modification facility will create ongoing economic opportunities for local communities and further strengthen PowerWood’s role as a leader in sustainable wood manufacturing.
Read more about our exciting new partnership announced October 2024.