Boise Cascade Announced Fresh Investment in EWP Growth Strategy

SEATTLE (Scrap Monster): Boise Cascade announced additional investment of $140 million in Alabama and Louisiana in support of its engineered wood products (EWP) growth strategy.

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The company plans to add I-joist production capabilities to its Thorsby, Alabama EWP mill. It also plans to convert a plywood layup line to a parallel laminated veneer line at the Chapman plywood facility. Boise Cascade plans to implement various projects including the upgrade and redesign of the log utilization center, a new veneer dryer and press, and modification of an existing veneer dryer at its Oakdale, Louisiana facility. The investments are expected to be completed over a two-year period.

Boise Cascade plans to make a capital expenditure of around $250 million to $270 million in 2024. In addition to the above investments in EWP projects, the company also proposes to realize previously announced investments in greenfield distribution centers in Hondo, Texas and Walterboro, South Carolina.

Chris Seymour, SVP, Wood Products Manufacturing Operations expressed the hope that the major expansions and upgrades are expected to further solidify the company’s market position in EWP. Furthermore, the company is pleased to make further investments at its Alabama and Louisiana asset bases, he added.