boise announces new investments
Boise Cascade has announced new investments in Alabama and Louisiana in support of its engineered wood products (EWP) growth strategy.
In Alabama, Boise is adding I-joist production capabilities to its Thorsby EWP mill and converting a plywood layup line to a parallel laminated veneer line at the Chapman plywood facility. The Chapman investment adds important integration into the Boise’s EWP growth plans. In addition, the Chapman plywood facility extended employment opportunities to 50 of the 80 associates affected by the recently announced Chapman lumber operations curtailment.
At the Oakdale, La. facility, major projects planned include the upgrade and redesign of the log utilization center, a new veneer dryer and press, and modification of an existing veneer dryer. These investments are expected to take place over a two-year period.
“We are looking forward to these major expansions and upgrades to further solidify our market position in EWP,” says Chris Seymour, SVP, Wood Products Manufacturing Operations. “We have great teams in the Southeastern U.S. and are pleased to further invest in our meaningful asset bases in Alabama and Louisiana.”
On a total company basis, Boise’s current estimate of capital expenditures for 2024 is $250 million to $270 million. This range includes the investments in EWP and spending on the previously announced greenfield distribution centers.
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