Phase one includes nearly $19 million to upgrade lumber kiln-drying capacity, while the second phase will include an investment of approximately $138 million to completely modernize the Louisiana-based facility.
Pricing & Supply
Interfor will invest $30 million to expand its sawmill operations in Perry, Georgia, according to an announcement by Gov. Brian Kemp and the Georgia Department of Economic Development.
The $550,000 investment includes upgrades to the gang rip and glue lines.
Hardwood specialist Danzer has sold its Bradford, Pennsylvania sawmill to a joint venture between hardwood producer Rossi Group and timberland investment firm Lyme Timber Co. The new owners say they plan to add at least 20 jobs to the existing 85 at the facility.
The market value of the average new multifamily home has increased by $8,998 over the same period due to the surge in lumber prices, according to nahbnow.com.
Lumber prices have hit $1,000 per thousand board feet, an all-time high, according to data from Random Lengths.
Since 2008, Rockler has donated more than $100,000 to HFF to fund tens of thousands of tree-plantings across the country.