LOUISIANA (News release) -- Gov. John Bel Edwards, Hunt Forest Products co-owner James D. Hunt and Tolko President and CEO Brad Thorlakson announced that the companies will develop a new $240 million sawmill in Bienville Parish. Resulting from the collaboration of these two companies, the joint venture company will create 130 direct new jobs, with an average salary of $57,400, plus benefits. Louisiana Economic Development estimates the new sawmill will result in 387 indirect jobs for a total of more than 500 new jobs in Louisiana's Northwest Region. Approximately 300 construction jobs will be created.
Sourcing timber locally, the state-of-the-art sawmill will require approximately 1.3 million tons of wood annually to produce an estimated 320 million board feet of lumber. The facility will be located on approximately 225 acres in Bienville Parish, near the community of Taylor, Louisiana. Construction on the new facility is expected to start in early 2022, with commercial operations starting in early 2023.
"The partnership of Hunt and Tolko is providing tremendous benefits to our state, particularly in the heart of Louisiana's timber industry," said Gov. Edwards. "This new facility will be a great economic boost to Louisiana's Northwest Region, resulting in hundreds of direct and indirect new jobs across the construction, forestry, industrial services and retail sectors of Bienville Parish and beyond."
The sawmill in Bienville will be the second project resulting from the collaboration of Hunt Forest Products and Tolko. The two companies partnered to develop a $115 million lumber mill in Urania, Louisiana, in February 2018. Operating under the name LaSalle Lumber Company LLC, the Urania plant has created 120 direct jobs, exceeding the initial plans for 107 new jobs.
"We are excited to be bringing our second high-tech sawmill and the skilled jobs it will provide," said Hunt. "This sawmill will provide a local outlet for the massive inventory of southern yellow pine that exists in this state. It will boost the local economy, bring a new generation of sawmill technology to this part of the state and provide another such outlet for regional Louisiana timber. It's a win-win for everyone."
The new lumber mill will be a foreign direct investment, or FDI, project, as Tolko Industries Ltd. is a 60-year-old, family-owned Canadian forestry company that produces a wide range of forest products for customers around the world. Based in Vernon, British Columbia, Tolko will own a 50 percent share in the mill. Hunt Forest Products, which is based in Ruston, Louisiana, will own the other 50 percent and will manage and operate the mill on a day-to-day basis.
"Our first venture into the United States was in partnership with Hunt Forest Products, a family-owned company like ours, and that has been very successful," said Thorlakson. "So, we are looking forward to working with the Hunt family again to bring another state-of-the-art sawmill, and jobs, to Louisiana."
LED began working with Hunt Forest Products and Tolko Industries on a new sawmill in Northwest Louisiana in October 2020. To secure the project, the State of Louisiana offered the companies a competitive incentive package that includes the comprehensive services of LED FastStart® - ranked the No. 1 workforce development program in the nation for the past 11 years. FastStart will work in coordination with Bossier Parish Community College, or BPCC, to build and equip the local workforce with the skills required for the new state-of the-art sawmill. The package also includes a performance-based grant of $2 million, subject to the companies reaching specified investment and payroll benchmarks. The companies are expected to utilize the state's Quality Jobs and Industrial Tax Exemption programs for the sawmill.
"We are absolutely delighted to hear of the project to develop a new state-of-the-art mill in Bienville Parish," said President William "Bill" Sims of the Bienville Parish Police Jury. "The Bienville Parish Police Jury will do whatever it takes to encourage economic development in our parish and look forward to a long and prosperous relationship with Hunt Forest Products and Tolko Industries."
"This new, state-of-the-art sawmill will make a notable impact in Bienville Parish," said Justyn Dixon, president and CEO of the North Louisiana Economic Partnership. "Where a strong company chooses to invest speaks highly of that geographic location, and we are proud to serve a community suitable for this great partnership. Hunt Forest Products and Tolko Industries deciding to make this substantial investment and new job creation into North Louisiana solidifies NLEP's message that our region is a prime location for companies to grow and succeed. We gladly welcome this additional investment to North Louisiana."
