NorSask Forest Products is a driving force behind the success of our group of wholly-owned companies. Over the last number of years we have modernized the sawmill leading to increased productivity. We have exceed all previous production records while reducing our overall cost of operations. In 2018, MLTCII acquired L&M Wood Products 2018, making a commitment to better usage of a variety of timber sizing and to avoid waste. This company has a strong workforce and a strong customer base for its products. L&M at Glaslyn focuses on the fencing, poles, posts, rails and oversized timber markets. In 2020, the Meadow Lake Tribal Council Indigenous Services Inc. began construction of the MLTC BioEnergy Centre. This project will be built at a cost of approximately $75 million dollars. The board of MLTC BioEnergy Centre and MLTCII, have focused on ensuring that the procurement of construction goods and services contracts, as well as employment opportunities support Indigenous owned and MLTC affiliated companies.
MLTCII supports the nine member First Nations by offering oversight to all MLTC RDI owned joint ventures and affiliates. Through our management team, we take the lead on investigation into investment in new economic opportunities. Our role is to bring best-practice to engagement in the business development world using flexibility, expert guidance and good governance. We have increased access to financing and the chance to expand the holdings on behalf of our communities by being an independent board.