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Report: SmartLam North America and Peak Renewables Announce $92 Million Investment

General News

According to local news reports, on Friday September 9, 2022, SmartLam North America (HQ: Columbia Falls, MT) & Peak Renewables Ltd. (HQ: Vancouver, BC) announced a “combined $92 million investment and 70 new jobs in Houston County as well as the potential for a significant impact on the forest product sectors in Alabama and the Southeast.”

Furthermore, “SmartLam North America’s Dothan Division plans to construct a new state-of-the-art production facility on Hodgesville Road in order to manufacture large glulam beams and columns – a $62 million investment.” In addition, “Canadian-based Peak Renewables will construct a new wood pellet production facility on 30 acres behind the SmartLam facility, utilizing sawmill residuals to produce the wood pellets it markets for renewable power generation.”

Further details can be read here.

Source: Dothan Eagle