within the woods of central Maine, trees are gaining value by the minute, in addition to lumber producers aren’t waiting a second. They are scrambling to expand production, build brand new facilities in addition to hire more workers.
Lumber prices soared over sixty percent since early 2017, thanks to a perfect storm in which hit Canadian supply. First tree-eating beetles, then forest fires, transportation issues involving a shortage of trucking in addition to rail cars, in addition to finally, last fall, U.S. duties imposed on Canadian lumber in which amount to a 20 percent tax on the commodity.
in which all adds up to opportunity within the eyes of Jason Brochu, co-president of Pleasant River Lumber, which operates two mills in Maine, employing 300 workers.
“I think with the duties in which are in place, in which’s given us a level of confidence in which we didn’t have before, in addition to having a level playing field, looking ahead, the confidence we’re at, we’re able to expand in addition to produce more lumber,” said Brochu.
The plan, he said, is usually to invest $20 million within the company over the next two years, increase production by 50 percent in addition to add up to 40 brand new jobs. A large dirt pit is usually already forming near the current mill in Dover-Foxcroft, as workers blast open brand new ground for additional equipment in addition to machinery.
“You’re seeing in which throughout the country where mills are expanding, or building brand new mills, in addition to our industry is usually starting to grow to meet the increase within the demand,” said Brochu.