Canadian lumber company expanding in Mississippi djournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from djournal.com Daily Mail and Mail on Sunday newspapers.
This investment is the next step in an expansion project that will upgrade the mill from 120MMFBM to 250MMFBM annual capacity.
This week, the Board of Directors of Southeastern Timber Products LLC, an STP-Tolko Partnership (STP) announced a $150 million capital investment in the STP lumber mill in
Comments Plans are already in the works for a $45 million capital expansion project at Jasper Lumber s sawmill.
VERNON, British Columbia – A new 50-50 joint venture partnership between Tolko Industries Ltd. and Jasper Lumber Co. paves the way for expanding the potential output of Jasper’s sawmill in Jasper, Ala., from 70 million board feet to 200 million board feet of southern pine lumber. The $45 million project includes construction of facilities and installation of new machinery. Plans also call for increased shifting at the mill and the creation of at least 60 jobs. Construction is expected to begin in early 2021. “This joint venture project is an important part of our company growth, and we’re excited to be investing in this mill with Jasper Lumber Company,” said Tolko CEO Brad Thorlakson. “This is our third U.S. lumber partnership and supports our product and geographic diversification”