MONTGOMERY, Alabama – Governor Kay Ivey announced today that Jasper Lumber Co. and Canada’s Tolko Industries Ltd. have formed a partnership that will expand lumber production at a Walker County facility through a $45 million project creating at least 60 jobs.
The investment will triple capacity at Jasper Lumber’s existing sawmill and create additional activity for its other subsidiary companies, which will operate under the parent company Jasper Forest Products LLC, a Jasper-Tolko Partnership.
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.