Baton Rouge, LA (STL.News) 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. Additionally, Louisiana Economic Development estimates the project will result in 12 new indirect jobs, for a total of 16 new permanent jobs for Livingston Parish and the Capital Region.
“Sustainable forest products have long been an economic success story in Louisiana, where we plant more trees than we harvest,” Gov. Edwards said. “Weyerhaeuser has had an important role in Louisiana forestry, and these latest investments will extend that impact. By upgrading the Holden mill and adding the latest in industry technology to improve the facility’s competitiveness, the company will secure its skilled Florida Parishes workforce for years to come.”
In Louisiana, Weyerhaeuser’s 984 employees work in mill manufacturing sites and in forestry operations that manage 1.39 million acres of in-state timberland.