Florida’s Rex Lumber Eyes Expansion With New Mill In Southeast
Rex Lumber, headquartered in Graceville, Florida is expanding with a greenfield sawmill in the Southeast. Rex currently operates three sawmills, two in the Florida Panhandle and one in Mississippi, producing a total of 575 million board feet annually. This will be Rex Lumber’s third sawmill expansion in the last seventeen years.
Annual production for the new mill will be a minimum 240 MMBF. Several potential sites have been identified in the Southeast. Rex Lumber anticipates the total capital cost to be approximately $110 million, including startup and working capital. Over 110 new direct jobs are expected to be created with this new location. A final decision on the project location is expected early 2018 with construction launching shortly after location is decided.
Rex Lumber, founded in the 1920’s by W.D. McRae, continues to be owned and operated by the Finley McRae family of Graceville. The family looks forward to bringing a southern yellow pine sawmill to a new community in the South.
RELATED ARTICLES
Timber Processing October 2020
Latest News
SPONSORED CONTENT: From Scrap to Solution: Vecoplan Processing Systems
Managing wood scrap and waste is a persistent and growing challenge for wood processors. Rising disposal costs, increasingly stringent sustainability requirements, and the inefficiencies caused by unused wood waste are placing significant pressure on businesses.
Mill Companies Announce Investments; Acquisitions; Sales
Mill Companies Announce Investments; Acquisitions; Sales Precisions Hardwoods Invests In...
Roseburg Personnel Changes At Dillard Lumber, Medford MDF, Riddle Plywood
Roseburg Personnel Changes At Dillard Lumber, Medford MDF, Riddle PlywoodRoseburg Forest Products...
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.