Martco LLC, a subsidiary of Martin Sustainable Resources LLC, the parent company of RoyOMartin, announced on Friday (12-16-22) that it will invest $9.5 million to install technologically advanced production equipment at its Natchitoches Parish, Louisiana, lumber mill. The equipment upgrades will add cutting-edge vision and robotics among other technological enhancements, which will result in faster and more efficient production of plywood, timbers, and boards.
The RoyOMartin plywood manufacturing facility in Chopin is one of the parish’s largest employers, and the expansion will allow the company to retain an estimated 684 existing jobs through 2035.
To secure the project in Chopin, the State of Louisiana offered Martco LLC a competitive incentive package including a performance-based retention and modernization tax credit of up to $400,000 contingent on the company meeting the capital expenditure and payroll commitments. The company is also expected to participate in the state’s Industrial Tax Exemption program.
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