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
LDX Oversees Lundberg, Dustex
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); LDX Solutions is the new name of the company formed recently that will encompass the Dustex, Geoenergy and Lundberg air emissions control equipment. Mergers of those companies in recent years allowed…
New Logstacker Ships To British Columbia
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Allied Systems Co., parent company of Wagner Logstackers, has delivered the first of its new generation Logstackers into Canada. The four wheel drive, 60 ton operating capacity model L4120 shipped to…
Tolko Makes Tough Sawmill Decisions
Tolko Industries Ltd. announced the permanent closure of its Quest Wood sawmill in Quesnel, BC and a reduction from two shifts to one at its Kelowna, BC sawmill. “This is a difficult but necessary decision,”…
Texas BMP Monitoring Shows Steady Improvement
A 28-year program to monitor logging Best Management Practices (BMPs) implementation on east Texas timber harvest sites shows overall 93.8% BMP implementation in 2018 across all land ownerships. That’s a solid improvement in the last…
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.