Florida’s Rex Lumber Eyes Expansion With New Mill In Southeast
Rex Lumber, headquartered in Graceville, Florida is expanding with a greenfield sawmill in the Southeast. Rex currently operates three sawmills, two in the Florida Panhandle and one in Mississippi, producing a total of 575 million board feet annually. This will be Rex Lumber’s third sawmill expansion in the last seventeen years.
Annual production for the new mill will be a minimum 240 MMBF. Several potential sites have been identified in the Southeast. Rex Lumber anticipates the total capital cost to be approximately $110 million, including startup and working capital. Over 110 new direct jobs are expected to be created with this new location. A final decision on the project location is expected early 2018 with construction launching shortly after location is decided.
Rex Lumber, founded in the 1920’s by W.D. McRae, continues to be owned and operated by the Finley McRae family of Graceville. The family looks forward to bringing a southern yellow pine sawmill to a new community in the South.
RELATED ARTICLES
Timber Processing October 2020
Latest News
OSHA Increases Inspections, Safety Training Sessions in 2019
The U.S. Department of Labor’s Occupational Safety and Health Administration’s (OSHA) fiscal year 2019 final statistics show a significant increase in the number of inspections and a record amount of compliance assistance to further the…
Mid-South Has 50 Under Its Belt
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); November 2019 saw Mid-South Engineering celebrate 50 years of providing engineering solutions for customers throughout the world. In 1969, Mid-South was founded by four engineers with a common vision: to be…
IKEA Continues U.S. Timberland Purchases
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Ingka Investments, IKEA’s parent company, recently made two timberland acquisitions which nearly doubles its U.S. forestland portfolio. One purchase was in East Texas for 42,000 acres, following a deal for 18,000…
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.