Arkansas Economic Development Commission issued the following announcement on Dec. 6.
Resolute Forest Products, a global leader in the forest products industry, has added more than 160 new jobs in the state over the past two years, and as already announced by the company, is investing in its two Arkansas operations through a combined capital program of over $28 million. Resolute acquired sawmills in El Dorado (Union County) and Glenwood (Pike County) in 2020, which represented the company’s initial business investment in the state.
“With 19 million acres of forestland, Arkansas is in a unique position to be a leader in the timber industry,” said Gov. Asa Hutchinson. “Because of that, we want to ensure that we attract companies that will be a good corporate fit. Resolute not only values sustainability, but they work to preserve the natural resources where they do business. We salute their decision to reopen and invest in their sawmill in El Dorado and expand and invest in their Glenwood facility.”
“The capital investments in our Arkansas operations support our business strategy to grow in wood products, particularly in light of the growth we’re seeing for building materials like wood” said Remi G. Lalonde, president and chief executive officer of Resolute. “Growing in the sector also fits with our commitment to sustainability, thanks to its socio-economic and environmental benefits, such as long-term carbon capture and the beneficial impacts of building with wood,” added Lalonde. “We appreciate the support of state officials, local community leaders in Glenwood and El Dorado, and many other stakeholders who warmly welcomed us into their communities.”
Original source can be found here.
Source: Arkansas Economic Development Commission
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