Caddo River Forest Products reopening sawmill, needs 136 workers in Pike County
GLENWOOD, Ark. — Caddo River Forest Products will invest $50 million to reopen a Glenwood sawmill, a move expected to create 136 jobs in the Pike County town.
Owners of the company will receive a mix of state and federal incentives totaling $2.3 million to assist with reopening the former Curt Bean Lumber mill, which was last operational in 2010. The money will assist Caddo River Forest Products, an entity formed by Texas investors who own timberland in southwest Arkansas.
Lumber production is scheduled to begin at the mill by spring. Arkansas Economic Development Commission Executive Director Mike Preston said the company will spend about $4 million in payroll annually.
READ MORE of this story at Arkansas Online by Chris Bahn.