Weyerhaeuser Company Invests $500 Million in Right to Work Arkansas
Can you believe it? Weyerhaeuser Company is investing $500 million in order to establish operations in Right to Work Monticello, Arkansas. As a result, the company will also create 200 new jobs in the area.
From Area Development Magazine:
“This is an exciting opportunity to grow our EWP business, expand TimberStrand into the U.S. South and provide an additional outlet for our fiber logs in Arkansas. […] Of the wood products we produce, EWP has the strongest tie to single-family housing construction activity, and this new facility aligns with our conviction that U.S. housing demand will remain favorable over the long term. In addition, this plant will allow Weyerhaeuser to better serve other customers and end markets in the region, including mass timber applications, and it supports our broader sustainability ambitions. I’d like to thank the state of Arkansas and local officials for working with Weyerhaeuser to site this facility. We look forward to building on our long history in the state and providing new employment opportunities in the Monticello community.” […]
“Weyerhaeuser’s $500 million investment is an incredible milestone in Arkansas’s rural economic development momentum. […] This project will be transformational for Southeast Arkansas, strengthening our state’s timber industry and creating 200 new jobs. We are grateful for Weyerhaeuser’s commitment to Arkansas, and we congratulate the local leadership for their hard work in securing this major economic development project.”
To read the previous economic update on Right to Work states, click here.