Timber company updates plywood facility in *Chopin*, creates 24 jobs
RoyOMartin-Martco is investing $20 million to modernize its plywood plant in Chopin creating 24 jobs with annual salaries of $42,000.
Project construction will begin in this year and be completed in the second quarter of 2014, with the majority of hiring taking place shortly before production begins on the new timber line next year.
After surviving one of the worst housing markets, RoyOMartin company president said he is please to announce that the resurgence in the construction industry has renewed the demand for wood products.
RoyOMartin manages 582,000 acres of timber and related resources while manufacturing wood products. Its Chopin and Oakdale mills employ a combined 847 employees.
Louisiana Economic Development officials estimate the RoyOMartin expansion project also will result in an added 56 support jobs to the area.
“Over the past 90 years, RoyOMartin has become one of the leading industrial employers in Louisiana and a huge economic driver for Central and North Louisiana,” Gov. Bobby Jindal said.
“We’re proud that the company continues to modernize and expand its facilities in our state because of our strong business climate, world-class infrastructure, vast timber resources and skilled workforce,” Jindal said. “This expansion keeps RoyOMartin and Martco at the cutting-edge of the wood products industry and secures hundreds of valuable existing jobs while creating new career opportunities for our people.”
RoyOMartin-Martco received a $1 million Modernization Tax Credit for the state to be claimed over five years. In addition, the company is expected to utilize Louisiana’s Industrial Tax Exemption Program.
In April, RoyOMartin received the Best Overall Business Award at the inaugural Central Louisiana Chamber of Commerce business awards ceremony.
“RoyOMartin’s new investment in its Chopin facility is great news for Central Louisiana,” President and CEO Jim Clinton of the Central Louisiana Economic Development Alliance said. “It is very gratifying to see one of your largest employers and best corporate citizens make a decision to invest even more in your region. This is further confirmation that Central Louisiana is attracting new private sector investment and creating new jobs at a rapid pace.”