$80 Million Investment In Arkansas Sawmill To Create 120 Jobs
A Canadian timber company will invest $80 million in an El Dorado sawmill, creating 120 new jobs, the Arkansas Economic Development Commission said in a statement.
Conifex Timber will create a “state-of-the-art” sawmill at a site previously owned by Georgia-Pacific, the statement said, noting Gov. Asa Hutchinson and company officials formally announced the new jobs at an event in El Dorado on Monday morning.
“Timber plays a vital role in our state’s economic vitality,” Hutchinson said in the statement. “The industry directly employs more than 37,200 workers in Arkansas, and I’m thrilled to welcome Conifex to the state.”
The state provided several incentives to Conifex, including one $1 million grant initially and the chance in 10 months for a second grant, also worth $1 million, if the jobs are added as planned.
Conifex plans to initially produce 180 million board feet from the mill, the statement said, noting the firm will purchase an estimated 700,000 tons of sawtimber — or $30 million worth — from suppliers within about 60 miles.
From Arkansas Online: arkansasonline.com.
Latest News
Georgia-Pacific Completes Acquisition Of Temple-Inland Building Products
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Georgia-Pacific today announced it has completed the acquisition of the Temple-Inland Building Products assets from International Paper Co. after receiving clearance from the Department of Justice under the Hart-Scott-Rodino merger review…
Southern Lumber And Timber Market Recovery Underway
Economic recovery is producing promising outgrowths for the Southern lumber and timber industry. Increasing demand and constrained supply globally are inciting a long-term rebound across the U.S., which is good news for Florida where timber…
Florida Governor Confirms New Jobs At West Fraser Mill Set To Restart
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Florida Gov. Rick Scott confirmed Wednesday morning that dozens of new jobs are coming to McDavid as the West Fraser sawmill reopens after sitting idle for four years. As NorthEscambia.com first…
LP Building Products Launches New LP SolidGuard LSL
LP Building Products has announced the launch of its new LP(R) SolidGuard(TM) LSL, adding protection against termite damage and fungal decay to its LSL product. As the industry embraces wood framing in taller multifamily structures,…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.