Georgia-Pacific Closing Two Southeastern Mills
Georgia-Pacific announced on November 1, 2011 that it is closing two sawmills in the southeast, one in Monticello, Ga. and one in Marion County, Miss.
The closing of the Monticello mill, a stud plant, will affect about 50 employees and the Marion County mill will put about 65 out of work, according to company spokesperson Melody Ruse.
According to Ruse, the closing of both mills is due to a drastic decrease in demand and a dwindling housing market. “Our business is directly related to the housing industry,” Ruse commented, “And when you compare the 500,000 or so homes built this year to the 2.5 million built in 2005, you have to make some tough choices.”
Ruse also said that if market conditions improve in the future, the sawmills could possibly be reopened.
RELATED ARTICLES
Latest News
U.S. Housing Starts Were Soft In January
U.S. housing starts began the new year ticking downward 4.5% in January from December to a seasonally adjusted rate of 1.309 million starts. Single-family starts came in at a rate of 841,000 in January, down 4.3%, while multi-family (five units or more) were at 457,000, down 5.4% from December…
Lumber Among Three Big Input Reductions
Softwood lumber is one of the three largest construction input cost reductions year-over-year from December 2021 to December 2022, according to a recent ConstructionDive market report. Citing Producer Price Index data from December 2022, the report noted that overall…
Biofuels Project Sinks
The Red Rock Biofuels project in southern Oregon appears headed for foreclosure according to notices published in the Lake County Examiner newspaper in late December after the company failed to make principal and interest payments on some $300 million in debt. The notice set a February 4 payment…
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.