Conifex Timber Inc. announced it is modernizing and will re-start a state-of-the art sawmill complex in El Dorado, Arkansas. The site was formerly owned by Georgia Pacific. Conifex will create approximately 120 new, full-time jobs as a result of its approximate $80 million commitment to the facility.
“This project provides Conifex with access to lumber and timber markets in the US South. Our commitment of $80 million to this facility will ensure the long term sustainability of this site and contribute to our overall company growth,” said Conifex CEO Ken Shields. “We are pleased by the warm welcome and professionalism of the government and private sector partners we have worked with here in El Dorado and throughout the state.”
Conifex is primarily engaged in the manufacture of structural grade Spruce Pine Fir dimension lumber. The company plans to create a state-of-the-art mill in El Dorado producing 180 million board feet initially. Sawtimber purchases are expected to amount to 700,000 tons per year, or $30 million, from suppliers within an approximate 60-mile radius.
Headquartered in Vancouver, Canada, Conifex Timber Inc. was established in 2008 when it acquired its first idled sawmill in British Columbia. A second mill followed two years later as well as a biomass power plant that has been in operation since 2015. The company has invested about $80 million in two Canadian sawmill complexes and related businesses as well as $100 million is its green power generation business, creating over 500 jobs. This will be Conifex’s first facility in Arkansas and the Southern US.