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Boise Cascade Company ("Boise Cascade" or the "Company") (NYSE:BCC) today announced new investments in Alabama and Louisiana in support of its engineered wood products (EWP) growth strategy.
In Alabama, the Company is adding I-joist production capabilities to its Thorsby EWP mill and converting a plywood layup line to a parallel laminated veneer line at the Chapman plywood facility. The Chapman investment adds to its important integration into the Company's EWP growth plans. In addition, the Chapman plywood facility extended employment opportunities to approximately 50 of the 80 associates affected by the recently announced Chapman lumber operations curtailment. At its Oakdale, Louisiana facility, major projects planned include the upgrade and redesign of the log utilization center, a new veneer dryer and press, and modification of an existing veneer dryer. These investments are expected to take place over a two-year period.
"We are looking forward to these major expansions and upgrades to further solidify our market position in EWP," said Chris Seymour, SVP, Wood Products Manufacturing Operations. "We have great teams in the southeastern U.S. and are pleased to further invest in our meaningful asset bases in Alabama and Louisiana."
On a total Company basis, our current estimate of capital expenditures for 2024 is $250 million to $270 million. This range includes the investments above and spending on the previously announced greenfield distribution centers in Hondo, Texas and Walterboro, South Carolina in our Building Materials Distribution segment.
Posted In: BCC
