MONTGOMERY, Ala. (WBRC) - A new partnership between Jasper Lumber Co. and Canada’s Tolko Industries Ltd. at a Walker County facility through a $45 million project will create at least 60 jobs.
Gov. Kay Ivey announced the partnership on Tuesday.
The investment will triple capacity at Jasper Lumber’s existing sawmill and create additional acitivity for its subsidiary companies.
Plans call for the construction of new facilities, the installation of new machinery and increased shifting at the mill.
“The venture between Jasper Lumber and Tolko Industries will deliver a significant economic impact in Walker County through new investment and jobs,” Governor Ivey said. “It will also provide a major boost to a key industry sector in the area, setting the stage for growth that can be sustained for years to come. This is great news for Jasper and for Alabama.”
Tolko, a family-owned privately held wood products company based in British Columbia, Canada, will hold a 50% stake in Jasper Forest Products through its U.S. subsidiary. Tolko produces a wide variety of wood-based products including lumber, oriented strand board (OSB), plywood, and pellets.
Jasper Lumber, a major industrial employer in Walker County, is also family-owned and has manufactured quality southern pine lumber for over 30 years.