PORT ANGELES, WA -- Peninsula Plywood, buoyed by financial aid approved by the Port Angeles City Council, has hired some 30 workers and more than doubled production from a reported 1.3 million feet to 3 million feet.
“We're shipping more plywood now than we have ever shipped,” Grant Munro, a PenPly investor, told the Peninsula Daily News.
Only a month ago, PenPly was forced to furlough many of its employees and seek a grant to make ends meet.
PenPly recently received $212,000 from the state Department of Commerce — the first payment of a $500,000 grant — plus an additional $230,000 from its investors, the newspaper said.
Posted by Rich Christianson
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