New River Hardwoods, Inc. officials reported the lumber company will invest $3.8 million in its operations in Roan Mountain, Tennessee.
The company will install new equipment and convert its Roan Mountain log yard into a lumber manufacturing facility.
“New River Hardwoods appreciates all the support provided by the Tennessee Department of Economic and Community Development, the Carter County Mayor’s office and county commissioners,” Wayne Law, President of New River Hardwoods, said. “We look forward to starting production at the site this spring and are excited about providing positive economic opportunities in the Roan Mountain community.”
Headquartered in Beckley, West Virginia, New River Hardwoods operates facilities in Virginia, North Carolina and Tennessee. The company began lumber production in 1991 and produces more than 40 million board feet of high quality hardwood lumber annually.
In addition to its Roan Mountain location, New River Hardwood operates millworks, dry kilns and sawmill facilities in Mountain City, Tennessee a sawmill near Cumberland Gap, Tennessee, as well as a log and lumber yard in Erwin, Tennessee.
“I’d like to thank New River Hardwoods for investing in Roan Mountain and creating job opportunities in Northeast Tennessee,” Tennessee Department of Economic and Community Development Commissioner Bob Rolfe said. “It’s always an encouraging sign when an existing business chooses to expand in Tennessee. New River Hardwoods’ $3.8 million investment is terrific news and I look forward to the positive impact these 25 new jobs will have.