Canfor eyes $130M modernization project at Arkansas mill
By CFI staff
By CFI staff
Canfor is investing US$130 million to upgrade and expand its sawmill and planer facility in Urbana, Arkansas.
The project will see major improvements to the planer, sawmill and log yard, and is expected to boost annual production by 115 million board feet.
“We are excited to be investing in our Urbana facility with state-of-the-art technology to modernize the work environment for our valued employees and significantly increase our ability to produce sustainable wood products that will meet the growing needs of our customers,” Canfor CEO Don Kayne said in a company news release.
The 18-month modernization project will launch in the third quarter of 2022. Canfor said the mill will continue to operate during the construction.
Arkansas Governor Asa Hutchinson said in Canfor’s news release the lumber industry plays an important role in their economy. “It is only natural that Canfor chose to expand their operations in Urbana and invest in the workforce and the community,” he said.
Arkansas Secretary of Commerce Mike Preston said, “Arkansas has abundant natural resources and skilled labor in the timber industry that will help Canfor meet the growing demands of its customers.”