$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
USFS To Grant Tricon Timber Project An Extension
A quandary that threatened the existence of one of the few large sawmill operations left in Montana moved toward resolution last week. A spokeswoman said Sen. Jon Tester had just received written assurance from the…
B.C. Timber Panel Eyes Logging Protected Areas
A committee looking for ways to boost B.C.’s dwindling store of timber is looking at logging protected areas such as old-growth forests as one way out of a supply crunch. Other options include cutting greater…
Wood That Reaches New Heights
Among the many apartment buildings in the London borough of Hackney, the nine-story structure on the corner of Provost Street and Murray Grove stands out, its exterior a mix of white and gray tiles rather…
Piece Of History Cut At Lumber Mill
It is not every day Sierra Forest Products sees logs like it saw last week — logs that had been preserved under water for the past 100 years. Cut up were two truck loads of…
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.