G-P planning seven-state expansion project
by MBJ Staff
Published: March 25,2013
ATLANTA — Georgia-Pacific is developing plans for potential investments, which total nearly $400 million, in its plywood and lumber operations.
The company has approved funding for significant engineering and is evaluating facilities in a number of southern states, including North Carolina, South Carolina, Georgia, Alabama, Mississippi, Arkansas and Texas. The effort would increase Georgia-Pacific’s overall capacity by approximately 20 percent. Pending final site selection and required permitting, start-up would be expected in the second half of 2014 through the beginning of 2015.
“The markets for our products are currently improving at a steady pace. These proposed investments would position Georgia‑Pacific to provide our current and potential customers with the products they need to grow with a long-term recovery in housing,” said Mark Luetters , executive vice president, Georgia-Pacific building products. “We have a long-term vision for our building products business, and these investments underscore our commitment to the industry and the communities where we are located.”
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Lawmakers debating alternative to Medicaid expansion
- UPDATED: House subcommittee tosses discrimination elements from religious freedom bill
- Chris McDaniel gets a thank you note from Travis Childers
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- White House hotel making comeback in Biloxi
- Senate passes teacher pay raise legislation
- Pickering collects more money from failed beef plant project
- States settle with manufacturers in DRAM price-fixing case
- Reactive Surfaces files lawsuit against Toyota in patent dispute