August 19, 1959 -- Wizewood Ltd. Announced in a report, released
today, the progress in organizing the erection of a Wafer Board Plant in
Hudson Bay.
Officials of the Company returned recently from
a selling trip to eastern Canada and the USA and reported that 45
carloads or 2/3 of the total production are committed by written
agreement. The sale of this volume is far better that expected and
should enable the company to reach full production in an appreciably
shorter time than estimated.
Negotiations for an agreement on distribution in the Prairie
Provinces are in the advanced stage, with a nationally known distributor.
A profitability study was prepared by Archibald and Associated
Professional Engineers of Vancouver, confirming the original
profitability study prepared by J. Korodi.
Keith Consulting Engineers of Regina are at present at the
proposed plant site working on soil tests to obtain data on load bearing
capacity for the foundation of the plant.
Financing is well underway and is expected to be completed during
the first week of September due to the great interest in the new
industry, shown by the people of Saskatchewan.
Wizewood Ltd. has set up offices in the Aaron
Building in Prince Albert and can be contacted there, by parties
interested in participating in this new Saskatchewan industry.
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