PotlatchDeltic Makes Major Investment in Right to Work Arkansas

PotlatchDeltic Corporation is expanding soon in Right to Work Columbia County, Arkansas. In order to accomplish this, the company is investing a total of $131 million toward the project. But that’s not all. They also plan to create 55 new jobs. So this investment is something for the entire area to look forward to!

From Area Development Magazine:

“The Waldo investment is an exciting strategic growth opportunity, and it will position the mill among the lowest cost producers in the U.S. South. […] We expect to achieve additional EBITDDA of $25 to $30 million per year and an IRR of approximately 22% in our base case, which is based on a relatively conservative lumber price assumption. The project reflects our belief that housing fundamentals will remain strong.†[…]

“The investment in the Waldo lumber mill will further strengthen PotlatchDeltic’s important role in the forest products industry in Arkansas. […] By modernizing and expanding the mill, the company will support the community and position the mill and its team members for success well into the future.â€

AREA DEVELOPMENT MAGAZINE

To read the previous Area Development update on Right to Work states, click here.

To read more updates on Right to Work states, click here.