USDA Invests $115.2M Through Timber Production Expansion Program
A selection of project highlights from states receiving funding include:
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$12.3 million loan to Beachcombers, LLC in Oklahoma to acquire two Teal-Jones southern yellow pine sawmills, located in Antlers, Okla., and Liberty, Miss. The first phase of the project is to restore the Antlers mill facility back to full operation, projecting an annualized production of 80 MMBF. The second phase will bring the Liberty mill facility back on-line. The Antlers mill has a production capacity of 130 MMBF, while the Liberty mill has a capacity of 25 MMBF.
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$800,000 loan to Timber Professionals Cooperative Enterprises in Wisconsin to assist in reopening a sawmill in Shawano County, Wis. Timber Professionals Cooperative Enterprises will use guaranteed loan funds to purchase over 49 acres of real estate and equipment. The equipment will allow them to improve the efficiency of manufacturing wood chips.
“The value of National Forest Systems lands is demonstrated by providing various forest products, such as timber, lumber, paper, bioenergy, and other wood products,” says U.S. Forest Service Chief Tom Schultz. “The American forest products industry is critical to maintaining the health of the nation’s forests. The Timber Production and Expansion Guaranteed Loan Program is one of many ways the Forest Service partners with the timber industry to maintain rural jobs, processing facilities, and an outlet for wood that needs to be removed from national forests.”
Latest News
Carbotech Acquires Sawquip
Carbotech Group has acquired Sawquip, a manufacturing company specializing in the design and manufacture of sawmill equipment for the primary and secondary breakdown of logs into lumber. This acquisition allows Carbotech Group to add on a new field of expertise, providing customers with innovative new solutions for lumber production. Sawquip’s innovative products include log turners and optimized log infeeds, chipping canters, twin and quad circular saw modules, as well as optimized gangs for controlled shape sawing, among others.
Oregon Truckers File Suit Against State
Rob Freres, president of Oregon-based Freres Engineered Wood, a manufacturer of lumber, veneer, plywood and mass timber, has thrown in his support for a lawsuit filed by the Oregon Trucking Assn. and three Oregon-based trucking companies against the state of Oregon for overcharging truckers under the weight-mile tax.
Hasslacher Enters North America
Austria-based Hasslacher group is acquiring a stake in Element5, a mass timber producer specializing in the design, manufacture and assembly of modern engineered timber buildings. Based near Toronto, Can., Element5 employs more than 100 and produces cross-laminated timber and glued laminated timber for the North American market.
Hampton Lumber Purchases Rebuilt
Atlas Holdings has entered into an agreement to sell RedBuilt, LLC to Hampton Lumber Mills, Inc. Atlas formed RedBuilt with the acquisition of the commercial division of Trus Joist from Weyerhaeuser Co. in 2009. Over the next 14 years, the company became an industry leader in the engineering, design and manufacturing of proprietary wood-based structural solutions serving the low-rise commercial construction market. The transaction is anticipated to close in the first quarter of 2024.
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