Nip Impressions logo
Sun, Jan 17, 2021 16:17
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
Officials: Weyerhaeuser to invest $16.1 million in Natchitoches, Louisiana
NATCHITOCHES, La. (From news reports) -- Weyerhaeuser will make a $16.1 million capital investment in its Natchitoches mill over the next several years, state and company officials announced. The project will provide major equipment upgrades at the site, including modernization of manufacturing presses and machinery.

Weyerhaeuser will secure more than 200 existing jobs and potentially create as many as 20 new direct jobs over the next several years, with the new jobs providing an average annual salary of $45,000 plus benefits, officials said. Louisiana Economic Development estimates the project will result in 25 new indirect jobs for a total of 45 new jobs in the region.

LED offered the company an incentive package that includes the LED FastStart workforce training program. Weyerhaeuser also will receive a Modernization Tax Credit of $350,000 - to be claimed in equal installments over five years - and the company is expected to utilize Louisiana's Quality Jobs and Industrial Tax Exemption programs, LED says.

The company owns nearly 12.4 million acres of timberlands in the U.S. and manages an additional 14 million acres in Canada. The company also manufactures wood products.

The Paperitalo Supplier Directory is where to easily find qualified suppliers


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: