Weyerhaeuser Company, one of the world’s largest private owners of timberlands, has broken ground on its new TimberStrand® facility near Monticello and Warren, Arkansas. The company is investing an estimated $500 million in the facility, which is expected to create 200 high-quality jobs in the region once fully operational.
Company executives joined state and local officials for a groundbreaking ceremony at the project site in south Arkansas on June 18. During the ceremony, officials highlighted the importance of the forest products industry to the state and the positive economic impact the facility will have on south Arkansas.
“We primarily do business in small rural locations all across the U.S. and that dynamic that we have with those local communities is one of the reasons why we’re still in business. Frankly, it’s one of the things that makes this company special, and that couldn’t be more true with our operations here in Arkansas,” said Devin W. Stockfish, Weyerhaeuser president and chief executive officer…