New England Wood Pellet LLC (NEWP) officials have announced the acquisition of Norbord’s Deposit, NY property and plans to build a new 100,000 ton-per-year state-of-the-art wood pellet manufacturing facility on the site, where Norbord is operating a medium-density fiberboard plant until the sale closes in early November.
NEWP currently owns plants in Jaffrey, NH and in Schuyler, NY. The company will ship an estimated 155,000 tons in 2009, making it one of the largest wood fuel pellet manufacturers in the Northeastern U.S. A wholly-owned NEWP subsidiary, Propell Energy, sells and services wood pellet boilers for municipal and commercial heating. The company currently employs 75 people at its various locations.
NEWP expects to complete construction of the new Deposit plant in the fourth quarter of 2010, with plans to reach full production capacity in the first half of 2011. The plant will employ an estimated 20 people, with indirect employment in wood supply, transportation and retailing of product estimated at over 100 jobs. Construction of the plant will utilize local labor and employ dozens of skilled workers at various points during the 9-12 month construction period.
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