Tolko announces joint venture in Mississippi lumber mill
In the United States (US), Tolko Industries (U.S.) Ltd, a subsidiary of Canada-headed forest industry major Tolko Industries Ltd and Southeastern Timber Products LLC (STP) have announced a 50-50 joint-venture partnership in a lumber mill in Ackerman, Mississippi (MS). The mill will now be known as Southeastern Timber Products LLC, an STP-Tolko Partnership.
Southeastern Timber Products (STP) is a family-owned and operated manufacturer of Southern Yellow Pine (SYP) with its manufacturing facility located in Ackerman, Mississippi. In continuous operation since 1972, the Ackerman facility currently produces approximately 100 million board feet (≈ 236 000 m3) of Southern Yellow Pine (SYP) lumber annually.
We’re pleased to have found a partner like STP that we share the same family-owned business values with. We look forward to the opportunity to invest in this, our second asset in the US, to support the future growth of our company. We’re pleased to support this facility and enhance its sales, marketing, and logistical capabilities to service our customers across North America and abroad said Brad Thorlakson, President and CEO of Tolko Industries.
The mill currently employs around 150 staff and the plan is to triple production to around 300 million board feet (≈ 708 000 m3).
We couldn’t be more excited to be partnering with Tolko. Tolko has a long family history in the lumber manufacturing business and a proven ability to excel in our industry. We are thrilled about our partnership. We look forward to working with Tolko, the local economic community and the State of Mississippi to support further investment in our facility to expand capacity from our current 100MMFBM to 300MMFBM, said Billy VanDevender, Manager, STP.