RICHMOND, Va. (AP) - A Canadian-owned timber company is spending $32 million to expand sawmill and wood drying operations at two lumber mills in Virginia.
Gov. Ralph Northam announced Wednesday that Teal-Jones Group will create a total of 126 new jobs with expansions in Martinsville and Kinsale.
The company will receive various state grants worth $650,000 to secure the project. Northam’s office said Virginia beat out Oklahoma and Washington for the projects.
Northam said the company plans to buy more than $100 million in timber from Virginia sources in the next four years.
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