Onaway Welcomes New Opportunities with Precision Hardwoods Expansion

News Summary

Precision Hardwoods has announced a significant $12 million expansion in Onaway, Michigan, promising the creation of 18 new jobs and a boost in production capacity. This new facility aims to increase lumber production from 1.5 million board feet to up to 8 million annually, integrating advanced technology to enhance efficiency and sustainability. Supported by state grants, this development marks a pivotal moment for both the local economy and the lumber industry, with a focus on providing quality industrial lumber and supporting community growth.

Onaway Welcomes New Opportunities with Precision Hardwoods Expansion

Exciting times are rolling into Onaway, Michigan, as Precision Hardwoods, a local manufacturer, gears up for a major expansion that promises to bring new jobs and increased production to this thriving community. The company recently announced a whopping $12 million investment in a cutting-edge facility, which is set to transform both the local economy and the lumber industry.

Creating Jobs and Boosting the Economy

The state of Michigan has thrown its support behind this expansion, with Governor Gretchen Whitmer announcing that it will lead to the creation of 18 new jobs in Onaway’s manufacturing sector. What’s particularly remarkable is that most of the funding for this new facility comes directly from Precision Hardwoods itself, showcasing their commitment to not just their business, but also to the community.

As of now, this innovative company is producing more than 1.5 million board feet of wood annually, and with the launch of their new facility, they plan to ramp this up to a jaw-dropping 7.5-8 million board feet. Their focus is mainly on selling industrial lumber across the nation, including popular items like pellet materials and lumber for the furniture-making industry. Such a leap in production signifies a bright future, not just for the company, but for the workforce of Onaway.

Construction Underway and High-Tech Advancements

Construction of this highly anticipated facility commenced in May 2024, with production set to kick off by spring. The factory will be equipped with modern technology to guarantee efficiency and reduce waste. This includes a state-of-the-art computerized scanning system designed to maximize log usage during the cutting process. It’s an exciting step towards incorporating advanced technology in the age-old tradition of lumber production.

To help with this ambitious project, the Michigan strategic fund has contributed a $130,000 grant, further highlighting the partnership between the state and local enterprises. But that’s not all! At a recent meeting, the Michigan Commission of Agriculture and Rural Development approved an additional $100,000 grant specifically for Precision Hardwoods. This grant aims to expand manufacturing capacity, create further jobs—adding another 15 positions—and facilitate the acquisition of advanced machinery.

Compensation and Workforce Development

For those interested in these new jobs, the average wage is expected to hover around $22 per hour, which is notably higher than the regional median by nearly $4. This competitive compensation reflects the company’s dedication to not only enhancing their operations but also improving the livelihoods of individuals in their community.

The funding from the Michigan Department of Agriculture and Rural Development comes through their Food and Agriculture Investment Program, demonstrating a commitment to nurturing local businesses that prioritize sustainability and job creation. With over a decade of experience in hardwood production, specializing in green industrial and grade lumber, Precision Hardwoods is set to make significant waves in the industry.

Scaling Up Production and Commitment to Sustainability

The expansion is planned to increase the company’s manufacturing capabilities dramatically—from 25,000 board feet per day to an impressive 220,000 board feet daily. This is a game-changer for Precision Hardwoods and will allow them to meet rising demand effectively.

Precision Hardwoods stands proud with its Forest Stewardship Council (FSC) Chain of Custody Certification, which ensures that their wood products are sourced sustainably. This commitment to environmentally friendly practices is vital in modern manufacturing and aligns perfectly with their goals of providing quality products.

Looking Ahead

With every new development at Precision Hardwoods, Onaway can expect fresh opportunities and a stronger local economy. The enthusiasm is palpable, and the future looks bright as this company steps boldly into a new era. Here’s to growth, innovation, and a promising horizon for all residents of Onaway!

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