SEATTLE (Scrap Monster): Tolko Industries and Jasper Lumber has announced a new partnership, whereby the former will invest $45 million in latter’s sawmill facility at Walker County. The investment will lead to expansion of lumber production at the facility, by almost tripling its capacity. The expansion project is expected to create at least 60 jobs.
Announcing the decision, Governor Kay Ivey noted that the joint venture promises to deliver significant economic impact in Walker County through new investments and jobs. Furthermore, it will provide major boost to forestry sector in the region, thereby setting the stage for sustained growth, he added.
Brad Thorlakson, CEO, Tolko said that the joint venture project is an important part of the company’s growth. It is the company’s third U.S. lumber partnership. The company is pleased to support the facility to enhance its sales, marketing, and logistic capabilities to service existing and new customers across North America and abroad.
Roy Beall, chief operating officer at Jasper Lumber Company noted that the company is excited to be partnering with Tolko, which in turn will allow it to have a larger presence in the industry, and in its local community. The partnership will expand the sawmill capacity from current 70 million board feet to approximately 200 million board feet.