Caddo River Forest Products To Reopen Arkansas Lumber Mill
Caddo River Forest Products announced they are planning to reopen the Glenwood, Arkansas sawmill. The company will invest up to $50 million in the facility, creating 136 new jobs with 200 to 300 new indirect jobs also expected in the area as a result of this project.
“Caddo River Forest Products is thankful for all of the support received from CAT Financial, the Arkansas Department of Environmental Quality, the City of Glenwood, Pike County, the State of Arkansas and the U.S. Economic Development Administration program,” said David Henderson, a member of the Caddo River partnership. “We are pleased to bring back important jobs to the area.”
Caddo River Forest Products plans on manufacturing dimensional and specialty lumber. The re-start of the mill will also provide indirect employment opportunities for loggers, landowners and transportation specialists.
The U.S. Economic Development Administration (EDA) will provide a grant of $817,726 to the city of Glenwood to make water and roadway infrastructure improvements needed to serve the Caddo River Forest Products facility.
“EDA is pleased to partner with Glenwood in providing much needed infrastructure improvements to bring this sawmill facility back online,” said Jorge D. Ayala, EDA’s regional director. “This investment will drastically improve and expand the economic opportunity of Glenwood and will strengthen a community that has suffered disproportionate economic distress and job losses.”
From THV 11 News: thv11.com.
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