Canfor Southern Pine recently announced that it will make a $28 million expansion to its Moultrie facility. Formerly Beadles Lumber Co., Canfor, a Canadian-based firm, purchased 50 percent of the Beadles operation in Moultrie and Thomasville in 2014 and now owns 100 percent. Canfor chose Moultrie for its expansion and has already begun installing new equipment.
Beadles Lumber Co. was a longtime business cornerstone of the community, with its stock totally family-held until the Canfor purchase.
Darrell Moore, president of the Colquitt County Economic Development Authority, said the investment will mean 10 new jobs directly at the sawmill and will create another 30 jobs in supporting roles. As well, Moore said some 60 construction jobs would result from this project.
The Colquitt EDA has assisted Canfor in this endeavor so that it would qualify for the New Market Tax Credit. Moore said to qualify for the tax credit, Canfor had to stipulate that wages paid would be at least 30 percent higher than average wages for the area. “It’s going to be greater than that,” said Moore. “We’re talking about wages in the range of $20 per hour. These are good jobs.”
“I want to express our thanks and appreciation to Canfor Southern Pine for the confidence expressed in our community by this exciting announcement. Moultrie and Colquitt County are great places to do business, and Canfor’s latest plans are a validation of our community growth and potential,” said Moultrie Mayor Bill Macintosh.
From The Moultrie Observer: https://www.moultrieobserver.com/news/ga_fl_news/canfor-announces-million-expansion/article_b581913e-ce37-11e7-b0e7-8f5029d36194.html