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Gov. Edwards announces Weyerhaeuser investing in Holden mill (Source: Pixabay) By WAFB Staff | May 12, 2021 at 10:31 AM CDT - Updated May 12 at 10:31 AM
The following information is from the office of the governor:
Today, Gov. John Bel Edwards and Weyerhaeuser announced the company plans to make a two-phased capital investment in its Holden facility. The project would result in approximately $157 million invested over several years to upgrade equipment and modernize the sawmill. Phase one includes nearly $19 million to upgrade lumber kiln-drying capacity, while the second phase will include a major investment of approximately $138 million to completely modernize the facility.
Through these investments, Weyerhaeuser will secure 119 existing jobs and create up to four new direct jobs, with the new jobs providing an average annual salary of $50,000, plus benefits. The project would generate an estimated 225 construction jobs, with an estimated payroll of about $25 million. A