There is significant investment opportunity in the Bancroft area to capitalize on the wood supply available, such as pulp wood chips and sawmill residuals. The recent announcement by Cascades to permanently close their Trenton mill has opened up an opportunity for new investment. Cascades' Trenton mill was the primary home for all low-grade hardwood produced from the region; it was an anchor in the local forestry community for a century and its closure has left a deep hole in the fabric of our companies’ respective wood supply destinations. The Shares held by Cascades, along with its wood supply commitments were made available as of September, 2024 which provides an opportunity for new investment in the area to capitalize on the pent-up supply available.
In partnership with the Bancroft Minden Forest Company (BMFC), our economic development staff are working to demonstrate to investors that there is an abundant, sustainable and underutilized fibre supply. With funding from the Forest Biomass Program, we have been working on a report that helps identify the availability of fibre and opportunity in our region to help make an informed investment decision. Learn more.