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RICHMOND—At events in Martinsville and Kinsale, Governor Ralph Northam today announced that British Columbia-based Teal-Jones Group is investing a total of $31.75 million to expand sawmill and dry kiln operations at two recently acquired lumber mills in Virginia. At Pine Products Inc. in Henry County, the company will invest $21 million and create 67 new jobs and at Potomac Supply, LLC in Westmoreland County, the company will invest $10.75 million and create 59 new jobs. Virginia successfully competed with Oklahoma and Washington for the projects, which will include new equipment and updates to the facilities. The company is committing to source 100 percent of its net new timber purchases from the Commonwealth, which over the next four years is expected to top $100 million.
“This major investment by Teal-Jones Group in Virginia’s forestry industry is evidence of the world-class workforce, critical infrastructure, and abundant natural resources that make our Commonwealth the best place for business,” said Governor Northam. “Wood products companies across all parts of the world continue to deepen their roots in Virginia, and we are thrilled to see this momentum continue with Teal-Jones Group’s decision to expand in the Commonwealth. Together, these projects will bring new jobs and economic vitality to our rural communities and help create the markets needed for sustainable forest management.”