Maine’s Pleasant River Lumber Awarded Grant; Will Expand Two Sawmills
The Maine Technology Institute (MTI) recently awarded a $4,226,000 challenge grant from the Maine Technology Asset Fund 2.0 program to the Pleasant River Lumber Company. The $4.2 million will be used toward a $12 million expansion at Pleasant River Lumber’s mill on the Milo Road and a larger $20 million initiative between the Dover-Foxcroft location and the company’s Moose River Mill in Jackman.
Pleasant River Lumber Co-President Jason Brochu, who runs the locally owned operation and its five facilities across Maine with his brother Co-President Chris Brochu, said they applied to the Maine Technology Asset Fund 2.0 program and recently learned of the awarding of the approximate $4.2 million challenge grant.
MTI approved seven challenge grants totaling a combined $10.9 million in the final funding round. The program is financed by a $45 million bond approved by voters last June that MTI manages on behalf of the state.
“We ended up with $4,226,000 toward the $12 million project,” Jason Brochu said, saying the company is working on a larger $20 million expansion between Dover-Foxcroft and Jackman. He said financing is in place for the rest of the project.
“That was a very competitive process and it was wide ranging,” Brochu said as 18 projects across Maine received grants. “We put together a real good project for the state of Maine. I think we were chosen because it is shovel-ready and has infrastructure that will be here for a very long time.”
From The Piscataquis Observer: observer-me.com.
Latest News
Mid-South Recognized For Work At Dierks
Mid-South Engineering, Hot Springs, Ark., was awarded three Engineering Excellence awards from the Arkansas branch of the American Council of Engineering Companies for its work on the new 388MMBF Weyerhaeuser sawmill in Dierks, Ark. Among…
Evergreen Adds Seattle Office
Evergreen Engineering, Inc., is adding a location in the Seattle, Wash. area. “We wanted to better serve our major wood products and pulp & paper clients in Washington state,” comments Evergreen Business Development Director Aaron…
Element5 Plans Second CLT Plant
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Tembec founder Frank Dottori appears to be fronting the establishment of Ontario’s first cross-laminated timber (CLT) plant in St. Thomas, Ontario. The Ontario government announced a contribution of close to $5…
Hardwood Lumbermen Aren’t As Upbeat
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); A survey conducted in Timber Processing in April 2019 revealed, not surprisingly, that confidence has declined among U.S. hardwood lumbermen compared to a similar survey a year ago. Over half 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.