MONTICELLO, Ark. (News release) -- Interfor Corporation says it will invest $46 million to upgrade and modernize its sawmill in Monticello, Arkansas. The project is scheduled to be completed in early 2019.

The project includes the installation of new state-of-the-art machine centers in the sawmill as well as upgrades to the planer mill and one new continuous lumber drying kiln.

Annual lumber production is expected to double, in addition to improving product quality, product mix and mill efficiency.

Interfor is a growth-oriented lumber company with operations in Canada and the United States. The Company has annual production capacity of 3 billion board feet.

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