Southeastern Timber Products is expanding its operations in Ackerman, Miss. The project represents a corporate investment of $123.4 million, according to the Mississippi Development Authority.

Southeastern Timber Products is a family-owned-and-operated manufacturer of southern yellow pine lumber, timber and decking products. The company is expanding its Ackerman sawmill to increase production capacity from 120 million board feet per year to 300 million board feet per year. To facilitate the project, Southeastern Timber Products will install a new sawmill line, new dry kilns and storage facilities.

The mill has been in continuous operation since 1972. In November 2018, Tolko entered into a joint-venture partnership with Southeastern Timber Products to form Southeastern Timber Products LLC, An STP-Tolko Partnership. The Ackerman mill currently employs roughly 150 people, and the expansion is slated to create 40 new jobs.

Mississippi Development Authority is providing assistance through the Mississippi Flexible Tax Incentive, or MFLEX, program. Choctaw County also is assisting with the project.

Joey Stephenson, president of the local Choctaw County Board of Supervisors, had this to say about the investment: “Southeastern Timber Products is an outstanding corporate citizen. We are very fortunate to have them in our community. They are making a tremendous investment in our county and our people. We appreciate their confidence in us and are proud to have them here. Forestry is one of the most important industries in our area. This project creates jobs for our people and a new market for our forest products. This benefits our landowners and those in surrounding counties.”

Source: areadevelopment.com