The Ashland sawmill, which is owned by J.D. Irving Ltd. subsidiary Irving Forest Products Inc., plans to double its production from 130 million board feet a year to 250 million board feet.
The project “strengthens one of Maine's cornerstone industries, creates opportunities for business growth, supports local jobs and increases demand for Maine forest products,” said an economic development leader.
"This funding allows Aroostook County to move beyond isolated recruitment efforts and implement a coordinated, county-wide strategy that benefits employers across every major industry," the head of Aroostook Partnership told Mainebiz.
“Based on current Q2 2026 prices, the estimated total timber capital value is $1.2 million, with ample opportunities for ongoing sustainable forest management which will provide intermittent revenue from timber harvesting,” the listing says.
“The findings suggest that while many historic downtowns have lost foot traffic over the years, locals still feel strongly attached to them,” said a MarketBeat spokesperson.
The Finance Authority of Maine approved the financing for the expansion, which it said is expected to make a significant economic impact on the county and state economies.
Jaime Garzon, an extension and dairy science professor at the University of Maine, has initiated several projects to improve Maine’s hay crop and assist Maine’s livestock producers.