LignaTerra will build a $30 million Cross-laminated timber (CLT) and other mass timber products plant in Millinocket (ME, United States). The company will open its new facility at the mill site owned by Our Katahdin, Inc. The move is slated to bring over 100 direct jobs. Company plans to start production within 12 months. The plant will generate 10 million board feet of the timber the first year, 2019, and 50 million feet by the fifth. “We made the decision to come to Maine for several reasons,” said Nick Holgorsen, CEO and co-founding partner of LignaTerra Global, LLC, the Charlotte, North Carolina. “First, the types of trees that are important to the cross laminated timber production process are plentiful here in Maine. Second, we know that Maine has a dedicated, productive workforce with timber industry experience. We see this as an opportunity to provide jobs and help communities thrive. Our organizational culture is dedicated to making a positive social impact in the communities we serve.”
Company plans to start production within 12 months.
