TROY, PA— Oak Hill Veneer Inc. will invest almost $2 million to expand its operations in Troy, PA. When completed, the spliced hardwood veneer manufacturer said it expects to add 73 full-time jobs over the next three years, more than double its current size of 62 employees.
Plans call for the construction of a 15,000-square-foot building and adding a new line of veneer splicing equipment. In addition, the company said it will lease a nearby 35,000-square-foot building where it will install a new line of manufacturing equipment to produce veneer board. News of the expansion was announced Sept. 30.
Oak Hill Veneer is one of 18 companies owned by Spanish wood products firm Grupo Losan. Founded in 2008, Oak Hill Veneer specializes in cutting and splicing various thicknesses of veneer in a variety of species, including oak, cherry, maple and walnut, in accordance with Forest Stewardship Council (FSC) certification requisites, according to the corporate website.
"Oak Hill Veneer, Inc. is very excited about our upcoming expansion project," said Amy Jackson, project coordinator. "This project has been months in the making and we are finally able to make an idea a reality. The state's assistance will be used towards the purchase of the new equipment and to help with the construction of the new building at the Oak Hill Veneer Inc. site. These upcoming projects will create many jobs and bring more business to the community.
The company received assistance from the Pennsylvania Department of Community and Economic Development that includes $146,000 in Job Creation Tax Credits and a $225,000 Pennsylvania First Program grant. The project also was coordinated by the Governor's Action Team in collaboration with the Office of International Business Development and the Northern Tier Regional Planning & Development Commission.
"Manufacturing has a $79 billion economic impact in Pennsylvania, and is vital to the growth of the middle class," said Governor Tom Wolf. "Manufacturers like Oak Hill Veneer Inc. are creating good jobs in the commonwealth, and my budget supports manufacturers by increasing funding to programs like the Made In PA job creation tax credit, workforce development, and industry partnerships. In order to continue to thrive, we must highlight the sector that so much of our state's history is based on."