March 27, 2023

New York agency, Governor open south Arkansas sawmill, 50 jobs anticipated

Officers with Astara Capital Companions, Gov. Sarah Sanders, and different state and native leaders marked the opening of the Camden Timbers sawmill Friday (Feb. 10) in Camden.

Camden Timbers will create greater than 50 jobs within the south Arkansas area.

The corporate expects the sawmill to provide greater than 50 million board ft of timbers and dimensional lumber by its sawmill, kiln, and planer operations.

“Astara is proud to put money into American manufacturing corporations, and at this time’s ceremony highlights the fantastic workforce at Camden Timbers and its particular partnership with the state of Arkansas,” mentioned Astara Managing Accomplice Michael Ranson. “We respect the management of each Governor Sanders and former Governor Hutchinson, the Arkansas Financial Growth Fee, Arkansas Division of Finance, the Ouachita Partnership and a complete host of native leaders who helped make this venture so profitable.”

“This facility is a imaginative and prescient of what enterprise growth ought to seem like in our state: authorities and companies working hand-in-hand as a substitute of towards one another to create jobs, make investments capital, and develop the subsequent technology of expertise,” Sanders mentioned. “Thanks to the groups at Camden Timbers and Astara Capital Companions for investing proper right here in Arkansas.”

“We’re thrilled that Astara is investing in Arkansas with the launch of Camden Timbers,” mentioned Clint O’Neal, AEDC govt director. “Arkansas is the center of the timber basket in the USA, providing ample pure sources and a powerful business workforce. These aggressive benefits will assist Camden Timbers thrive and meet the wants of its clients.”

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New York-based Astara Capital Companions is an built-in workforce of buyers and operators investing within the center market, in accordance with its web site.

Astara focuses on quite a lot of sectors, together with packaging and changing, meals, constructing merchandise, forest merchandise, and industrial manufacturing, distribution, and companies.