Pike Lumber Co. has announced plans to expand its operations in Indiana and double its production. The lumber producer is investing $3.4 million to expand and equip its Milan, Indiana-based manufacturing facility. Plans also call to add up to 15 new jobs by 2020.
Pike Lumber said the 27,200-square-foot addition to its facility will enable the company to increase its lumber production to 8 million board feet annually. The addition will house a maintenance shop along with new lumber handling and sawmilling equipment. Construction on the expansion began in early July and the new area is expected to be operational by December.
Founded in 1904, Pike Lumber is Indiana’s largest manufacturer and distributor of kiln dried lumber, sold to the cabinet, millwork, furniture and musical instrument industries. The company has three mills in Indiana and employs more than 200 people; the Milan facility currently has 21 employees.
“We were pleased with the selection of Milan as the site for our third sawmill back in 2010, and today we continue to be grateful for the ongoing growth support.” said Jim Steen, president of Pike Lumber. “It has been a pleasure to work with the state, Milan Town Council, the community and the Ripley County Economic Development Corp. We look forward to our new expansion and our continued partnership with both the state and the community.”
The Indiana Economic Development Corp. offered Pike Lumber up to $100,000 in conditional tax credits based on the company’s job creation plans. The town of Milan approved additional incentives at the request of the Ripley County Economic Development Corp.
From Woodworking Network: http://www.woodworkingnetwork.com/wood/pricing-supply/pike-lumber-announces-34-million-expansion