Weyerhaeuser Announces $157 Million Investment to Upgrade Holden, Louisiana Facility

Louisiana Gov. John Bel Edwards and Weyerhaeuser Corporation have jointly announced that the company plans to make a two-phased $157 million capital investment in its Holden, Louisiana facility. Weyerhaeuser plans to upgrade and modernize the sawmill to produce longer-length lumber, add a new planer mill, and upgrade and add two new continuous dry kilns for increased drying capacity. Additionally, the company will build out the necessary infrastructure; upgrade computer technology, control rooms, and heating and fan systems; invest in environmental technology to meet current performance standards; and invest in quality and safety equipment. Work is expected to take place over the next three years. Phase one includes nearly $19 million to upgrade lumber kiln-drying capacity, while the second phase will include a major investment of approximately $138 million to completely modernize the facility. Just six months ago, the company announced a $16.1 million investment to upgrade its Natchitoches mill. To help secure the projects, the State of Louisiana offered Weyerhaeuser a competitive incentive package that includes a $2 million tax credit, payable over five years, through Louisiana’s Retention and Modernization Program. The company also is expected to utilize the state’s Industrial Tax Exemption Program. The granting of ITEP incentives is subject to final approval by local officials in Livingston Parish, with votes expected this summer.