Pike Lumber to Double Production
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowAkron-based Pike Lumber Co. has announced plans to expand its Milan manufacturing facility. The $3.4 million expansion will allow the company to double its lumber production and create up to 15 jobs by 2020.
Pike Lumber plans to build a more than 27,000 square foot addition to its Milan facility, which will house a maintenance shop and new lumber handling and sawmilling equipment. Construction has already begun and the company expects the addition to be operational by December.
"We were pleased with the selection of Milan as the site for our third sawmill back in 2010, and today we continue to be grateful for the ongoing growth support." said Jim Steen, president of Pike Lumber. "It has been a pleasure to work with the state, Milan Town Council, the community and the Ripley County Economic Development Corp. We look forward to our new expansion and our continued partnership with both the state and the community."
The Indiana Economic Development Corp. says the company plans to immediately begin hiring for a mechanic and an electrician and plans to hire timber cutters and general laborers in the future. Pike Lumber, which was founded in 1904, has three facilities throughout Indiana in Akron, Milan and Carbon and employs more than 200.
The IEDC has offered Pike Lumber up to $100,000 in conditional, performance-based tax credits based on the company’s job creation plans. The company won’t be eligible to claim the incentives until Hoosier workers are hired. The town of Milan has already approved additional incentives.