(The Center Square) â Forest products manufacturer Roseburg Forest Products will invest $200 million to develop a sawmill operation in Weldon, North Carolina, Gov. Roy Cooper s office said.
The investment is expected to create 137 jobs in Halifax County. Oregon-based Roseburg owns and manages 600,000 acres of timberland in Oregon and the southeastern U.S., including in North Carolina.
âLow interest rates, a surge in home remodeling, and growing demand for single-family housing are pushing the industry to increase domestic lumber production capacity as quickly as possible,â Roseburg President and CEO Grady Mulbery said in a statement. âThis new mill is an exciting strategic growth opportunity that integrates well with our other North American operations and client base.â
Economic development roundup: Lumber demand leads to $200M investment in North Carolina sawmill
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Economic development roundup: Lumber demand leads to $200M investment in North Carolina sawmill
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WELDON, N.C. - Roseburg Forest Products will build a 375,000-square-foot sawmill across 200 acres of land in North Carolina.
Named Roanoake Valley Lumber, the mill will be capable of producing up to 400 million board feet of lumber annually. Construction is set to begin early 2022.
“Low interest rates, a surge in home remodeling, and growing demand for single-family housing are pushing the industry to increase domestic lumber production capacity as quickly as possible,” Roseburg President and CEO Grady Mulbery said. “This new mill is an exciting strategic growth opportunity that integrates well with our other North American operations and client base. We are grateful to the state of North Carolina, and the county and town partners who helped make this project possible.”