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Area Development - Site Selection, Facility Planning and Workforce Development

Weyerhaeuser Company Plans Monticello, Arkansas, Operations

12/02/2024
Weyerhaeuser Company, one of the world’s largest private owners of timberlands, plans to establish operations in Monticello, Arkansas. The approximately $500 million project is expected to create 200 jobs.

The investment will include the construction of a new facility that will manufacture TimberStrand, a laminated strand lumber. Production is scheduled to begin in late 2027.

“This is an exciting opportunity to grow our EWP business, expand TimberStrand into the U.S. South and provide an additional outlet for our fiber logs in Arkansas,” said Devin W. Stockfish, president and chief executive officer, in the company’s release. “Of the wood products we produce, EWP has the strongest tie to single-family housing construction activity, and this new facility aligns with our conviction that U.S. housing demand will remain favorable over the long term. In addition, this plant will allow Weyerhaeuser to better serve other customers and end markets in the region, including mass timber applications, and it supports our broader sustainability ambitions. I’d like to thank the state of Arkansas and local officials for working with Weyerhaeuser to site this facility. We look forward to building on our long history in the state and providing new employment opportunities in the Monticello community.”

The Weyerhaeuser Company is an American timberland company which currently owns nearly 12,400,000 acres of timberlands in the U.S., and manages an additional 14,000,000 acres of timberlands under long-term licenses in Canada. The company, which manufactures wood products, operates as a real estate investment trust (REIT).

“Weyerhaeuser’s $500 million investment is an incredible milestone in Arkansas’s rural economic development momentum,” noted Clint O’Neal, executive director of the Arkansas Economic Development Commission (AEDC). “This project will be transformational for Southeast Arkansas, strengthening our state’s timber industry and creating 200 new jobs. We are grateful for Weyerhaeuser’s commitment to Arkansas, and we congratulate the local leadership for their hard work in securing this major economic development project.”

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