Democratic Kentucky Gov. Andy Beshear has announced a $29.6 million investment from Powell Valley Millwork that will help the state retain 214 jobs and create 33 new jobs.
In a press release, Beshear said the investments will be made in two projects in Powell and Montgomery counties.
“Powell Valley Millwork has successfully produced sustainable wood products for over 30 years in Kentucky and is positioned for even more growth with this expansion of both facilities,” Beshear said. “I want to congratulate the company’s leadership on this progress and thank them for their longstanding commitment to the commonwealth. I’m excited to see Heritage Millworks continue to grow and thrive in Powell and Montgomery counties.”
To remain competitive, Powell Valley Millwork will invest funds into improving buildings and modernizing equipment, including automation, to increase production. This will create 19 full-time jobs at the company’s Clay City and Jeffersonville facilities.
Powell Valley Millwork is a CMPC company, which is part of a matrix of companies operating in North America since 2002 that produce wood, cellulose and biopackaging, according to the CMPC USA website.
Jimmy Thornberry, CEO of Powell Valley Millworks, said in a statement that the expansion reflects the company’s long-term commitment to growth, innovation and the future.
“By expanding our production capacity for both Poplar and Radiata Pine products, we’re strengthening our ability to serve customers across North America with greater consistency, shorter lead times and increased flexibility,” Thornberry said.
“We’re excited about what this means not just for our customers and suppliers, but for our employees and the communities of Clay City and Jeffersonville, where we’ll be creating new jobs and opportunities for long-term growth.”
Craig Dawson, Executive Director of the Powell County Industrial Authority, said in a statement that the company is Powell County’s largest manufacturing employer.
“The company continues to be a great partner with our Industrial Authority and is a shining example of how working together creates success for both the company and community,” Dawson said. “We look forward to PVM’s continued growth and success.”
