Mission Forest Products to Build New Sawmill in Corinth Mississippi

Mission Forest Products, a subsidiary of Timberland Investment Resources (TIR), has announced their plans to build a sawmill in Corinth, Mississippi, that will bring an estimated 130 jobs by the year 2022. TIR is investing $160 million in the project. TIR’s Managing Director Christopher Mathis in a prepared statement said, “Our objective is for this mill to become one of the lowest-cost and most reliable suppliers of high-quality dimensional lumber products in North America. We intend to do this by capitalizing on three things – the abundance of high-quality timber in the area, Corinth’s proximity to the growing housing markets of the U.S. South and lower Midwest and the low-cost, high-efficiency nature of the mill’s design.” The Mississippi Development Authority is providing $4.1 million in funding through two grant programs or infrastructure improvements, a $3 million loan for public infrastructure improvements and $250K through MS Works Fund for workforce training.

 


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.