OneFortyOne (OFO) has announced that the Wood Products team has been given approval to commence work on a new capital expenditure project worth approximately $14 million for the Jubilee Highway Sawmill. Source: Timberbiz
The project will see the construction and commissioning of an additional 61 sorter bins for the site, all of which will be fabricated and installed by local contractors.
“We were clear from the day we announced our intention to purchase the mill, that while we would not expand its capacity we are committed to investing in the mill and our local team in Mt Gambier,” OFO’s CEO, Linda Sewell said.
“The highly skilled team at the Jubilee Sawmill are well used to managing investment projects of this scale, and this latest project means greater efficiencies on the site and improvements along the entire supply chain.
“We are proud of our track record of supporting domestic processing and continuing to make substantial investments in the Green Triangle.”
“This investment is a great reinforcement from OneFortyOne of the team here at Jubilee so soon after the acquisition,” Paul Hartung general manager of the Jubilee site sawmill said.
OneFortyOne also confirms there will be no redundancies as a result of the project and estimate there will be more than 50 local contractors working on site during the term of the project.
