Fonds de solidarité FTQ commits $29 mln to buy Maine forest land
The Fonds de solidarité FTQ has committed $29 million to acquire forest land in Maine along the Québec border. The investment, which will be managed by Solifor, a Fonds’ subsidiary, is intended to supply fibre for Québec sawmills and wood processors. Launched in 2005 to acquire and manage privately-owned forest land, Solifor has previously invested $140 million to buy over 153,000 hectares of forests in the Bas-Saint-Laurent, Lotbinière, Charlevoix, Saguenay, Portneuf, Mauricie and Abitibi regions of Québec. It plans to make additional acquisitions in the future.
16 May 2016•4 mins read
