Hankins Lumber To Restart Grenada, Mississippi Sawmill
Officials from Hankins Lumber Co. announced that the company is reopening its southern yellow pine lumber facility in Grenada, Miss. following a 15 month closure due to the downturn in the economy. The project includes a $1.5 million investment and is creating 120 jobs, many of which will be filled by former employees.
“We are pleased that we are able to reopen our facility and bring our employees back to work,” says Al Hankins, Hankins Lumber Company President. “It was difficult to have to close the operation down for any length of time, but with the resurgence of the housing market and the renewed demands for timber products, we believe it now makes economic sense to reinvest in the business. We are eager to hire our employees back and get started.”
The Mississippi Development Authority provided assistance in support of the project to refurbish a rail spur that services the company’s site. Grenada County provided assistance for the project as well.
Hankins Lumber Co. began operations in 1972. The company uses southern yellow pine from throughout the state of Mississippi to produce its dimension lumber and boards.
From WCBI: wcbi.com.
Latest News
GE Capital Closes On Loan For 84 Lumber Company
GE Capital Corporate Finance recently announced it is co-collateral agent and documentation agent for a $225 million asset-based loan for 84 Lumber Company, one of the nation’s leading privately-held building materials and services suppliers to…
Log, Lumber Prices Put Squeeze On Western Sawmills
Results of a multi‐client benchmarking study show that in spite of operational improvements, dimension lumber mills in the U.S. West have struggled to overcome the narrowing gap between log prices and lumber selling values. The…
Canfor Completes Tembec Transaction
Canfor has completed the acquisition of the Tembec Industries Ltd.’s southern British Columbia interior wood products assets consisting of the Elko and Canal Flats sawmills and approximately 1.1 million m3 of combined Crown, private land…
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.