Hunt Forest Products and Tolko Plan Bienville Parish, Louisiana, Sawmill
08/03/2021
According to Louisiana Economic Development, sourcing timber locally, the state-of-the-art sawmill will require approximately 1.3 million tons of wood annually to produce an estimated 320 million board feet of lumber. The facility will be located on approximately 225 acres in Bienville Parish, near the community of Taylor, Louisiana. Construction on the new facility is expected to start in early 2022, with commercial operations starting in early 2023.
“We are excited to be bringing our second high-tech sawmill and the skilled jobs it will provide,” said Hunt Forest Products co-owner James D. Hunt. “This sawmill will provide a local outlet for the massive inventory of southern yellow pine that exists in this state. It will boost the local economy, bring a new generation of sawmill technology to this part of the state and provide another such outlet for regional Louisiana timber. It’s a win-win for everyone.” The sawmill in Bienville will be the second project resulting from the collaboration of Hunt Forest Products and Tolko. The two companies partnered to develop a $115 million lumber mill in Urania, Louisiana, in February 2018. Operating under the name LaSalle Lumber Company LLC, the Urania plant has created 120 direct jobs, exceeding the initial plans for 107 new jobs.
“Our first venture into the United States was in partnership with Hunt Forest Products, a family-owned company like ours, and that has been very successful,” said Tolko President and CEO Brad Thorlakson. “So, we are looking forward to working with the Hunt family again to bring another state-of-the-art sawmill, and jobs, to Louisiana.”
The new lumber mill will be a foreign direct investment as Tolko Industries Ltd. is a 60-year-old, family-owned Canadian forestry company that produces a wide range of forest products for customers around the world. Based in Vernon, British Columbia, Tolko will own a 50 percent share in the mill. Hunt Forest Products, which is based in Ruston, Louisiana, will own the other 50 percent and will manage and operate the mill on a day-to-day basis.
“The partnership of Hunt and Tolko is providing tremendous benefits to our state, particularly in the heart of Louisiana’s timber industry,” said Governor John Bel Edwards. “This new facility will be a great economic boost to Louisiana’s Northwest Region, resulting in hundreds of direct and indirect new jobs across the construction, forestry, industrial services and retail sectors of Bienville Parish and beyond.”
LED began working with Hunt Forest Products and Tolko Industries on a new sawmill in Northwest Louisiana in October 2020. To secure the project, the State of Louisiana offered the companies a competitive incentive package that includes a performance-based grant of $2 million, subject to the companies reaching specified investment and payroll benchmarks. The companies are expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs for the sawmill. In addition, the companies can utilize the comprehensive services of LED FastStart, the state’s workforce development.
“This new state-of-the-art sawmill will make a notable impact in Bienville Parish," said Justyn Dixon, president and CEO of the North Louisiana Economic Partnership. “Where a strong company chooses to invest speaks highly of that geographic location, and we are proud to serve a community suitable for this great partnership. Hunt Forest Products and Tolko Industries deciding to make this substantial investment and new job creation into North Louisiana solidifies NLEP’s message that our region is a prime location for companies to grow and succeed. We gladly welcome this additional investment to North Louisiana.”
Project Announcements
Bartlett Group Plans Strathcona County, Alberta, Headquarters-Manufacturing Operations
10/11/2024
Mart Frozen Foods Establishes Rupert, Idah, Production Operations
10/11/2024
Verst Group Logistics Expands Boone County, Kentucky, Operations
10/11/2024
Afton Scientific Expands Albemarle County, Virginia, Manufacturing Operations
10/10/2024
Eli Lilly and Company Expands Lebanon, Indiana, Operations
10/09/2024
Johnson & Johnson Plans Wilson, North Carolina, Pharmaceutical Manufacturing Operations
10/08/2024
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
What the Latest EPA PFAS Rule Means for Site Due Diligence
Q3 2024
-
Reaching for the Stars: Space Industry Creating Opportunities Across the Country
Q3 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
Mitigating Site Risks for Industrial Projects
Q3 2024