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Send Anthony Timberlands Inc. President Steven M. Anthony said high lumber prices has made it possible to finance $10 million in upgrades at its Malvern sawmill. (Karen E. Segrave)
Anthony Timberlands Inc. of Bearden (Ouachita County) said Wednesday that it will invest $10 million in improvements to its pine sawmill in Malvern over the next six to eight months.
The company, the state s third-largest forest products manufacturer, will install new equipment between August and January. It expects the upgrades to raise hourly production levels by 25%.
In a news release, President Steven M. Anthony said the windfall provided by recent record lumber markets has made it possible to finance upgrades at Malvern and other ATI operations internally.