Forestry is big business in Virginia and produces more than $23 billion of goods and services annually in the Commonwealth. There are nearly 700 wood products manufacturing facilities in Virginia. Additionally, byproducts from these manufacturing operations are burned to produce electricity that saves more than 2 million barrels of oil annually.
The IP (International Paper) Economic Recovery Task Force Forestry Committee has worked to provide information to interested companies that may want to locate on the mill site or other potential sites in our area. Our region has come to the attention of domestic and international companies hoping to capitalize on our location, our natural resource and our valuable and experienced workforce.
Generally speaking, when people in the forest industry talk about their wood basket, they are referring to an area where wood is available that may be used by a particular manufacturer such as a paper mill, sawmill, pellet mill, particleboard mill, chip mill or any other wood-using facility.
If we look at our wood basket within a 100-mile haul distance from Franklin, there are 58 counties and cities in Virginia and North Carolina that provide timber to the overall market.
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