Jasper, Oregon-based Natron Wood Products announced plans to open a new facility for manufacturing specialty plywood products in Louisville, Mississippi.
The project will require Natron to invest $10 million and will lead to the creation of more than 200 new jobs.
Natron‚Äôs new operations will be housed in the 265,000-square-foot former Georgia Pacific plywood manufacturing facility, which is in a publicly owned building.
Natron‚Äôs 200 jobs are more than thrice the 60 jobs that were lost when the Atlanta, GA-based Georgia-Pacific LLC shut down its operations in¬†Louisville¬†in 2009.
The plywood panels Natron will make in their new Louisville facility are primarily used in the construction sector, although they will also be making sanded and marine plywood products.
Mississippi¬†Gov. Phil Bryant, Louisville Mayor Will Hill and other state and local officials were on hand for the announcement, along with Richard McDougal, owner of Natron Wood Products.
McDougal said they were excited to be in a business-friendly state such as Mississippi, and that they are enjoying building relationships with Mayor Hill and others in Louisville. McDougal added that they were looking forward to expanding their operations in Louisville, and were committed towards being a positive partner in the community for years to come.
Gov. Bryant said he appreciated Natron for selecting Louisville for its new facility and creating so many jobs for workers in the area.
The Mississippi Development Authority (MDA) is providing assistance to Natron using Community Development Block Grant (CDBG) funds. The company is also getting assistance for building renovations from the Appalachian Regional Commission.
Brent Christensen, executive director of the MDA, said that they were grateful to Natron for revitalizing the Georgia Pacific facility. He also thanked Winston County and the City of Louisville for their support in helping the MDA secure the project.
Natron has been doing business in Oregon for more than two decades under the name of Jasper Wood Products.