Winston Plywood and Veneer Invests $50 Million To Rebuild Manufacturing Plant In Louisville, Mississippi

From Area Development Online News Desk (01/30/2015)

Winston Plywood and Veneer, a manufacturer of specialty plywood products, started construction on the company’s new manufacturing facility in Louisville, Mississippi. The project represents an investment of approximately $50 million and will create 400 new jobs.

In April 2014, a tornado destroyed the company’s facility in Louisville. Since that time, Winston Plywood and Veneer has remained committed to rebuilding and expanding its operations in Louisville, Governor Phil Bryant’s Office said. The new facility in Louisville, Miss. will be one of the most modern and efficient mills in North America. In addition to the investment made by the company, disaster recovery funds from the Federal Emergency Management Agency will also be used to build the new facility. The Mississippi Development Authority also provided assistance in support of the project for site preparation, relocation expenses, infrastructure needs and workforce training.

“Winston Plywood and Veneer has forged a unique partnership with the state of Mississippi, Mayor Hill, and Winston County to not only rebuild this plywood mill but to help this region recover,” said Dr. Richard Baldwin, President of Winston Plywood and Veneer. “That daily collaboration, since the first moments after the tornado hit, has delivered the resources and focus we needed to be here today, with construction on a new, state-of-the-art plywood mill officially underway. This will be a great facility and will enhance the quality of life in this community for many years to come.”

“I am grateful to the Winston Plywood and Veneer team for their steadfast dedication to the Louisville community and the state of Mississippi following the tornado that devastated the area last spring. Their decision to rebuild here – bigger and stronger than ever – and create these new jobs demonstrates the commitment the company has made to the citizens of Louisville and Winston County,” Governor Phil Bryant said. “This milestone serves as a testament to the world that we have a strong, supportive business climate that fosters growth and success, and I look forward to watching the company thrive in Louisville for years to come.”

“MDA is glad to have the resources in place to assist companies like Winston Plywood and Veneer as they overcome adversity by rebuilding and creating new job opportunities for Mississippi’s workforce. Today’s groundbreaking is a great example of Winston Plywood and Veneer’s continued contribution to the revitalization of the Louisville community following the April tornado, and we wish the company many years of success in its new facility,” said MDA Executive Director Brent Christensen. “MDA thanks our partners at the Winston County Economic Development District Partnership, the Tennessee Valley Authority, the city of Louisville and Winston County for working together to help make this project possible.”

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