FiberPro, a state-of-the-art design and next-generation technology manufacturing of custom log and lumber equipment, announced Friday (March 26) it will expand its manufacturing facility in Hot Springs.
The company plans to invest more than $3.1 million in the expansion, which will create 69 new jobs over three years.
“FiberPro’s commitment to individualized solutions for each of our clients has led to outstanding growth for the company,” said FiberPro founder and CEO Josh Krauss. “We are excited to continue the momentum through this expansion, which will benefit both FiberPro and the state by bringing additional manufacturing jobs and opportunities to Hot Springs.”
Founded in 2019, FiberPro utilizes 3D technology to engineer innovative machinery for sawmills, engineered wood products plants, pulp and paper plants, and biomass energy plants.
The company currently employs several product and design engineers and design fabrication consultants across North America. The expansion will allow the company to continue manufacturing woodyard and sawmill equipment while adding a team of forestry product experts focused on consulting, planning, engineering, and manufacturing.
“FiberPro’s decision to expand in the Natural State is good news for Arkansas,” Gov. Hutchinson said. “At its facility in Hot Springs, FiberPro manufactures log buckers, log cranes, and other equipment that help keep the timber industry in Arkansas and around the nation healthy. We are fortunate that a quality company such as FiberPro recognizes the quality of our industry and our workforce.”
“With 19 million acres of forestland covering more than half the acreage in the state, Arkansas’ timber industry is attracting more and more timber companies,” Secretary of Commerce Mike Preston said. “Our thriving timber industry throws the door wide open for companies like FiberPro to offer custom solutions to help these companies succeed.”
FiberPro serves several top-tier clients, including some of the most renowned lumber producers in the U.S. and Canada. The company expects to complete this expansion by summer 2021.