Printer Friendly

"Wood" you come to Hope?

"Wood" You Come To Hope?

People would rather choke than talk about it, but Hope's economy is about to get a big boost.

We hear Temple-Inland, a huge lumber and particle board concern out of Diboll, Texas has picked a site outside of the city's industrial park to locate a new plant. Industry insiders estimate the plant represents a $25-40 million investment, will mean 150-200 jobs, and take close to a year to get up and running.

We got dead silence then a hushed, "Where did you hear that?" when we asked an economic developer in the area about the news. He wanted us to write only that a major lumber company was looking in southwest Arkansas (but when you know the company and the town...).

One source tells us that the governor and the AIDC have been working closely with Temple and to look for the formal announcement in three to four months. All the AIDC will say is, "If it hasn't been formally announced, we can't comment."

Hempstead County could use the numbers.

A couple of smaller concerns have started operations there lately, each employing about 10 -- Fink and Co., a manufacturer of puzzles and importer of toys, and Midark Marketing, a manufacturer of acoustical panels -- and some other biggies like Champion and Beard-Poulan recently expanded. But the area's unemployment rate is still 7.7 percent.
COPYRIGHT 1990 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1990 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Whispers; Temple-Inland, a lumber and particle board firm; Hope, Arkansas
Publication:Arkansas Business
Date:Oct 29, 1990
Words:228
Previous Article:The Matthews saga continues.
Next Article:Turning bad claims into good business; management plan for receivables may help in field of healthcare.
Topics:


Related Articles
Cutting profits.
Murphy subsidiary plans new $80 million plant - Del-Tin fiber operation near El Dorado will add over 100 jobs in region.
Economy Giving Timber Companies a Rough Time. (Arkansas Business List Overview).
Arkansas business list: timber companies; ranked by number of employees in Arkansas. (Timber).
Plum Creek biggest landowner; G-P is biggest employer.
Panel products. Veneer.
Arkansas business list: largest forest products cos.
Panel products, veneer.
Panel products, veneer.
Largest forest products companies.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters