SmartLam North America, which is currently producing cross laminated timber products at a Dothan, Alabama, factory, has announced it will be investing $62 million to build a new 140,000-square-foot custom manufacturing plant with the capacity to produce 84 million board feet annually. In addition, SmartLam will be adding equipment to fully automate its existing 225,000-square-foot facility to produce annually 2 million cubic feet of cross laminated timber.
Separately, Peak Renewable Resources has announced it will be building a $30 million wood pellet production plant in Dothan. The facility will use regional sawmill residuals to make pellets used in renewable power generation. The company will use a 30-acre site and is expected produce 180,000 MT annually.
The SmartLam expansion is expected to become operational in 2024. The Peak Renewable Resources wood pellet plant is expected to open some time next year.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
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