THUNDER BAY, ONT- DECEMBER 18, 2009 - Ginoogaming First Nation is thrilled to announce a new partnership with Kenogami Industries Incorporated (KII). KII is a partnership between Rocky Shore Development Corporation of Ginoogaming First Nation, Boreal Resource Industries a group of private interests composed of former Longlac Wood Industries workers and other forest industry representatives and Greenstone Development Ltd., the economic development arm of the Municipality of Greenstone.
Recently KII announced that they have purchased the assets of Kruger Industries in the community of Longlac that operated as Longlac Wood Industries. Chief Celia Echum is pleased that the project will allow Ginoogaming with an excellent economic opportunity needed for the people of GInoogaming. KII Vice-President Adolph Rasevych added, “The expected provision of jobs for the community will be welcomed and much needed during these hard times of recession”.
This is a unique partnership that came together with the goal of maintaining the former Kruger site and seeking other interests to create jobs and economic activity with value-added products and any other forestry related opportunities.
The Board of KII is comprised of equal numbers of each of the partners. “This was an opportunity we could not resist”, said Greenstone Mayor Michael Power who is the President of the Board of KII. KII Secretary-Treasurer Andre Blanchard of Boreal Resource Industries said, “We at BRI are excited at the prospects of new jobs being created in the area”.
Kruger Industries was very supportive of this initiative and facilitated the transfer of the land, buildings, equipment and legacy wood assets to KII. This will allow KII to seek interested investors going forward.