Arizona lumber mill struggles to pay interest on $200 million in bonds
Restoration Forest Products plan to profit from thinning small pines from U.S. forests hasn't panned out. The company needs more cash for its sawmill.
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Restoration Forest Products plan to profit from thinning small pines from U.S. forests hasn't panned out. The company needs more cash for its sawmill.
For nine years, Restoration Forest Products has been working with the U.S. Forest Service, operating in four of Arizona's national forests.
NewLife Forest Restoration has raised new funding to scale its forest restoration activities and reduce catastrophic wildfires.
The new initiative is intended to jump-start a struggling forest-thinning project in Arizona, where overgrown forests have led to huge wildfires.
A company based out of Mesa is hoping to help prevent catastrophic wildfires, while at the same time help construction companies stay fully stocked during a lumber shortage.