Weyerhaeuser announced plans last week for a two-phased investment at its Holden facility, according to a Louisiana Economic Development press release.
The project includes a planned investment of $157 million over several years focusing on equipment upgrades and sawmill modernization. The upgrades are expected to take place over three years.
As a result of the investment, Weyerhaeuser plans to secure 119 existing jobs and create four new direct jobs as well as 225 construction jobs. Planned upgrades to the mill include a new planer mill, upgraded continuous dry kilns, and upgraded computer and environmental technology.
The announcement of the Holden mill upgrade comes six months after Weyerhaeuser announced a $16.1 million investment to upgrade its Natchitoches mill.
To help secure these projects, the state offered Weyerhaeuser a competitive incentive package that includes a $2 million tax credit payable over five years through Louisiana’s Retention and Modernization Program. Weyerheauser is also expected to utilize the Industrial Tax Exemption Program. See the full press release.