Canada-headed forest products major Canfor Corporation has announced that it has approved plans to invest approximately US$120 million into building a new "state-of-the-art" greenfield sawmill in Washington, Georgia (GA), US. The company which already operates a glulam facility in Washington hopes that the new mill to be operational during Q3 2019.
According to a statement, the Board of Directors of Canfor Corporation approved the construction of a new, state-of-the-art sawmill in Washington, Georgia. The new sawmill, which will cost approximately US$120 million and have a production capacity of 275 million board feet (≈ 65 000 m3), will employ “best-in-class” mill technology, capitalizing on an excellent fibre resource in the region to produce high-value dimension and speciality lumber products.
Strategically located near the Company’s existing glulam facility in Washington and the larger population centres in Athens and Augusta, the new mill will be able to draw on a strong and skilled employee base.
Construction will commence in the second quarter of 2018, with the official start-up projected for the third quarter of 2019 though this may be delayed as, according to Canfor, the selected contractor to build the plant has advised previous commitments.
This new mill supports our growth strategy and will provide strong economic returns over the cycle.We are pleased to expand our presence in the community of Washington and look forward to providing additional high-value products to our global customers, said Canfor‘s President and CEO, Don Kayne.