PotlatchDeltic Corp. of Spokane, Washington (Nasdaq: PCH) has completed the planned downtime at the company’s Waldo sawmill to tie-in equipment for the modernization and expansion project.
With the $131 million modernization project construction completed, the facility will begin its ramp-up phase. It is expected to take up to a year to reach the mill’s new lumber capacity of 275 million board feet per year.
The Waldo modernization and expansion project is expected to increase the mill’s annual capacity by 85 million board feet, improve recovery by 6% and reduce cash processing costs by around 30%.
The project included a new saw line, planer upgrade and a new continuous kiln. In addition, a 45-ton log crane was installed and commissioned as part of the modernization.
PotlatchDeltic owns more than 2.1 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. The company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.
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