Southeastern Timber Products Expands Ackerman, Mississippi Sawmill, Operations
02/07/2025
The investment will include the installation of a new sawmill line, new dry kilns and storage facilities, allowing the company to increase production capacity from 120 million board feet per year to 300 million board feet per year.
“We greatly appreciate the Mississippi government’s support of all strategic investments that will help us by continuing to grow STP’s capacity to 300 million board feet per year,” Tolko Industries U.S. Ltd. Vice President David Manley said.
To support the project the Mississippi Development Authority (MDA) is providing assistance through the Mississippi Flexible Tax Incentive, or MFLEX, program. Choctaw County also is assisting with the project.
“This project not only strengthens Southeastern Timber’s long-term relationship with Mississippi, it also brings 40 new opportunities to the people of Choctaw County and the surrounding area," noted Mississippi Development Authority Executive Director Bill Cork. "This $123.4 million investment will enhance the company’s operations and encourage future growth, both of which benefit the local workforce and economy for generations. MDA appreciates the Southeastern Timber team for once again choosing Mississippi to continue the company’s legacy of producing top-quality lumber, timber and wood products."
STP entered into a 50-50 joint-venture partnership with Tolko Industries in 2018, forming Southeastern Timber Products LLC, an STP-Tolko Partnership.
Project Announcements
Amgen Expands New Albany, Ohio, Manufacturing Operations
04/28/2025
United Kingdom-Based Balmoral Tanks Plans Mentor, Ohio, Operations
04/28/2025
E & E Hardwoods Expands Bell County, Kentucky, Saw Mill Operations
04/27/2025
Aegis Sortation Expands Louisville, Kentucky, Operations
04/26/2025
Process Machinery Expands Shelby County, Kentucky, Production Operations
04/26/2025
HL Mechatronics Expands Williams Township, Michigan, Operations
04/26/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
The Location Economics of Advanced Nuclear
Q1 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Forging Solid Foundations
Q1 2025