Potlatch Corp., a harvester of FSC-certified timber and maker of forest products, has announced the closing of its Prescott, Ark.-based lumber mill. The move will affect 182 jobs.
The company cited lower demand due to the downturn in the housing market, which has resulted in lower overall prices for timber. The plant is expected to close in May.
Earlier this year, the company noted it had taken, “Market-related downtime at the company's two Arkansas mills resulted in a reduction of 18 million board feet of southern yellow pine production and an increase in conversion costs during the quarter.”
Potlatch operates as a real estate investment trust that owns and manages timberlands in Arkansas, Minnesota, Wisconsin and Idaho.