Company looks to recycle manufacturing plant that recycles wood and plastic
ELMA, Wash. - A private investment firm is looking at the possibility of bringing new business to the former NewWood manufacturing plant at the Satsop Business Park. Christian Echavarria, of Triventas told commissioners at the Port of Grays Harbor today that his company is looking to acquire NewWood from receivership, and again recycle the recycled manufacturing plant. “We believe that the construction industry is going through a transformation, and kind of the best way to think about it is; you may remember how cars used to be made, they used to bring just about every screw into the production line and build cars many years ago. Now you go to a manufacturing plant, or production line, and they will bring a whole dashboard already completed.
They plan to manufacture pre-built walls for residential or commercial building construction “A lot of the general contractors are looking for more advanced components, and faster ways to build buildings, so they’re really looking for companies that can manufacture what we call components that include multiple steps in the process already built." Echavarria said we could someday see building materials made from recycled wood and plastics that the plant was designed to manufacture years ago. “We believe that the NewWood product would be a very nice compliment to the products that we already sell through our company Syntheon.
Port Commissioners this morning accepted Triventas' request for a lease, and directed staff to draft a lease to bring back to commissioners for approval.
NewWood Manufacturing Inc. bought the then-former Boise Cascade Home Plate Siding facility in 2010. Boise Cascade built the $170 million, 275,000-square-foot facility to create durable lap siding from recycled materials for use in homes.
Echavarria said to bring the plant online would take about 20 employees, to add their goals would push that number closer to 35 “We think that from an employment perspective as we fill capacity we’ll go beyond that. We’re just trying to stay very focused on stabilizing and getting the business to profitability.
Executive Director at the Port, Gary Nelson asked what they needed, and what their timeline was, Echavarria replied "We have signed an asset purchase agreement, the asset purchase agreement has two contingencies. Completion of the due diligence process, the second contingencies is to have a lease in place. The timeframe is that we're targeting closing on or before July 31st, of this year.