An investment by the Provincial Government will support a Deer Lake-based company as it expands and upgrades its production of roof and floor trusses. The Honourable Steve Crocker, Minister of Industry, Energy and Technology, today announced a $240,000 loan from the Business Investment Program for Western Woodworks Incorporated.
Western Woodworks Incorporated is a roof and floor truss manufacturing company that also sells engineered wood products and steel beams for residential, commercial, and agricultural projects of all sizes. The company is investing in new manufacturing equipment to expand and modernize its truss manufacturing production line in response to increased demand for its products. The loan will help the company leverage more than $1 million from other sources to complete the upgrades.
The new equipment will increase efficiency, improve product quality, and reduce labor-intensive processes. Automation will enhance precision and consistency in truss manufacturing, ensuring higher-quality products, reduce reliance on imported materials, improve competitiveness, and allow Western Woodworks Incorporated to meet rising market demand.
Western Woodworks Incorporated has been operating in the construction industry since 1978 and has grown to two production facilities (Deer Lake and Grand Falls-Windsor) with over 20 employees, serving western and central Newfoundland, the Northern Peninsula and Labrador.
The Business Investment Program provides term loans to small and medium-sized enterprises in strategic growth sectors as identified by Industry, Energy and Technology. Funds are provided to complement funding from conventional sources, where a need has been demonstrated, and are also intended to increase the capital base of businesses allowing them to leverage new private-sector investments.
Quotes
“We are pleased to support Western Woodworks Incorporated as they make this innovative upgrade to their operations. By investing in new technology, the company will enhance its manufacturing efficiency, boost its productivity, and strengthen the regional construction supply chain.”
Honourable Steve Crocker
Minister of Industry, Energy and Technology
“We are excited for the opportunity to grow our business with the addition of a new truss table. This investment allows us to better serve our customers in Newfoundland and Labrador with quicker turnaround times and improved efficiency.”
Dwayne Reid, P. Eng
Owner, Western Woodworks Incorporated
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Business Investment Program
Western Woodworks Incorporated
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