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
New Cleereman Optimized Edger Hits The Mark
Cleereman Industries/Cleereman Controls, which introduced their edger line in the spring of 2021, reports the installation of seven edgers and has sold more than 30. Jay Glime of G&G Lumber in Florence, Wis. and Jon Ritcher of Shamco Lumber in Iron River, Mich. both replaced existing manual edgers with Cleereman optimized edgers. Both of these mills average more than 40MBF per day with Cleereman optimized carriage lines…
Mercer Purchases Germany’s HIT
Mercer International Inc. has entered into an agreement to acquire all of the outstanding shares of the parent company of HIT (Holz Industrie Torgau) for €270 million. HIT owns, among other things, 100% of a timber processing and value-add pallet production facility in Torgau, Germany and a wood processing facility in Dahlen, Germany that produces garden products…
Collins Names Insko President & CEO
Collins has announced that Tom Insko will become the President & CEO of the company, succeeding retiring Eric Schooler. Insko, an Oregon native will assume responsibilities on October 1 for the Wilsonville, Ore.-based Collins…
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.