$80 Million Investment In Arkansas Sawmill To Create 120 Jobs
A Canadian timber company will invest $80 million in an El Dorado sawmill, creating 120 new jobs, the Arkansas Economic Development Commission said in a statement.
Conifex Timber will create a “state-of-the-art” sawmill at a site previously owned by Georgia-Pacific, the statement said, noting Gov. Asa Hutchinson and company officials formally announced the new jobs at an event in El Dorado on Monday morning.
“Timber plays a vital role in our state’s economic vitality,” Hutchinson said in the statement. “The industry directly employs more than 37,200 workers in Arkansas, and I’m thrilled to welcome Conifex to the state.”
The state provided several incentives to Conifex, including one $1 million grant initially and the chance in 10 months for a second grant, also worth $1 million, if the jobs are added as planned.
Conifex plans to initially produce 180 million board feet from the mill, the statement said, noting the firm will purchase an estimated 700,000 tons of sawtimber — or $30 million worth — from suppliers within about 60 miles.
From Arkansas Online: arkansasonline.com.
Latest News
Price, Daniels Assume Evergreen CEO Roles
Evergreen Engineering announces the transition of its company leadership from President Gordon Yutzy to existing principals and partners, Justin Price and Danielle Daniels. Yutzy, who has served as president since 2009, will continue to serve as a principal and liaison for his longstanding clients as he prepares for…
U.S. Housing Starts Complete Robust Year
U.S. housing starts increased 1.4% in December over November to a seasonally adjusted annual rate of 1.702 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. It’s also 2.5% above December 2020…
Coalition Applauds Commerce Ruling
U.S. Dept. of Commerce issued its final determination in the second administrative review of softwood lumber imports from Canada, and revealed a combined anti-subsidy and anti-dumping duty rate of 17.9%, confirming yet again that Canadian imports are unfairly subsidized and traded into the U.S. market, according to the U.S. Lumber Coalition…
Build Back Better Awards Oregon Group
Oregon Mass Timber Coalition was named by the Economic Development Administration (EDA) as a finalist in the $1 billion Build Back Better Regional Challenge. The coalition was awarded $500,000 to create a strategy for a Mass Timber Modular Manufacturing Facility at Marine Terminal 2 in Portland…
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.