LINCOLN – A North Carolina based company announced a $30 million investment to take what used to be the Lincoln Paper and Tissue mill site and make it into Maine’s first cross laminated timber facility.
“We are very excited. It’s been a bit of a roller coaster over the past 12 months since our previous announcement last year didn’t follow through as we had hoped,” said Nick Holgorsen, the co-founding partner of LignaTerra.
“We’ve had some hurtles along the way but we didn’t want to give up on Maine,” he said.
The previous plan was to build the facility in Millinocket. On Friday, town officials, business leaders and the LignaTerra founding partners announced the new site to be in Lincoln.
The CLT facility will be the first tenant on the former mill site.
“The Maine Forest Innovation Park is going to be a collection of forest products based businesses but they’re going to be green tech and clean tech businesses,” said Jay Hardy, the economic development director for Lincoln.
Cross laminated timber is a sustainable green building product. Holgorsen said its becoming an important part of the future of the construction industry.
“We use wood as our primary component in the line so having access to a lot of healthy trees and forests is a primary factor,” said Holgorsen.
Holgorsen said LignaTerra will bring in 100 new jobs to the area as well as providing a boost to the local forest economy.
“To be able to come into a community and help with that a find good qualified work force people is important to our company mission,” said Holgorsen.
Holgorsen said the biggest hold back is waiting for the machinery needed to get produced which will take about 15 months.