Money

Canfor puts $96 million into its El Dorado mill, adding about 75 jobs

Canfor Southern Pine is investing about $96 million to modernize and expand its Iron Mountain mill in El Dorado. The company says the work will more than double the mill’s output and add about 75 jobs at the mill and in logistics.

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Quick take

  • Canfor Southern Pine is investing about $96 million in its Iron Mountain mill in El Dorado, the Arkansas Economic Development Commission announced Tue., Oct. 27.
  • The company expects about 75 additional jobs at the mill and in logistics. When the work is done, Iron Mountain will employ about 150 full-time workers directly.
  • The planer upgrade was finished in the second quarter of 2025. Sawmill and log yard work is set to be done by the end of 2026.
  • A new site where lumber moves between trucks and rail cars opened at Iron Mountain earlier this year. It also serves Canfor’s nearby Urbana Sawmill.
  • Canfor says annual output will more than double, to about 220 million board feet.

Canfor Southern Pine is spending about $96 million to modernize and expand its Iron Mountain mill in El Dorado, the Arkansas Economic Development Commission announced Tuesday. The company says the work will add about 75 jobs at the mill and in logistics. The Magnolia Reporter also reported the announcement.

What’s being built

Canfor says the projects will more than double Iron Mountain’s yearly output to about 220 million board feet of Southern Yellow Pine lumber. When the work is finished, the mill will directly employ about 150 full-time workers.

What local leaders said

“The creation of 75 new jobs will provide more opportunities for our local workforce and strengthen our economy for the future,” Union County Judge Mike Loftin said in the announcement. Lee Goodloe, president of Canfor Southern Pine, said the company has invested more than $400 million in Union County since 2015.

Iron Mountain became part of Canfor in August 2024, when Canfor bought Arkansas Resolute El Dorado Inc. The company also runs the Urbana Sawmill and El Dorado Laminating Plant in the area.