Georgia-Pacific announced a USD 100 million investment into a new 300,000-square-foot, technologically advanced lumber production facility in Talladega, Alabama in the US. The construction is scheduled to begin immediately with an anticipated startup in late 2018.
According to the announcement, the location for the state-of-the-art facility will be Georgia-Pacific’s former plywood plant that closed in 2008 after more than 30 years of operation. Once it is fully operational, the plant will employ more than 100 full-time employees and generate an estimated USD 5 million in annual payroll.
Fritz Mason, vice president and general manager, Georgia-Pacific Lumber, commented:
“The availability of talent and natural resources makes Talladega an ideal site for this new lumber production facility.The City of Talladega, Talladega County, and the State of Alabama have been incredibly supportive of this new venture and we look forward to a long and beneficial relationship.”
In the last five years Georgia-Pacific has invested approximately USD 1.1 billion in additional capital and acquisitions in Alabama.
Earlier Georgia-Pacific reached an agreement to sell its pine chemicals business to Ingevity for USD 315 million
The company has 13 plywood facilities across the United States, two of which are located in Madison and Warm Springs, Georgia. The company employs approximately 6,200 people directly in the state of Georgia, with approximately 450 people located at the Madison operations.