The Weyerhaeuser Company announced on Monday that they plan to build a new $500 million state-of-the-art facility in south Arkansas.

Weyerhaeuser is expanding its engineered wood products capacity in the South, investing $500 million to build a new TimberStrand facility in Arkansas. The lumber company on Monday said the facility will have an annual production capacity of about 10 million cubic feet and generate over $100 million of annual adjusted earnings before interest,