RoyOMartin has started work on a $115 million expansion of its manufacturing complex in Corrigan in East Texas, adding significant new capacity to its existing operations. The wood products company, which produces plywoods, timbers and boards, is building a new 370,400-square-foot facility on its 150-acre campus. The new plant is designed to operate alongside RoyOMartin’s existing 407,125-square-foot facility, further consolidating the firm’s manufacturing footprint in the region.
The expansion is intended to substantially increase the company’s production output. Once complete, the additional facility is expected to boost RoyOMartin’s total production capacity across the Corrigan campus by 70 percent. The project also carries a sizable employment component, with the company indicating that it will create about 120 new jobs, and a separate project estimate specifying that 123 new full-time positions will be added. In addition to job creation, the development is expected to retain 200 existing full-time roles at the site.
The capital stack for the expansion includes a meaningful component of New Markets Tax Credit financing. National New Markets Fund, an affiliate of SDS Capital Group, has committed $28.5 million in NMTC financing to support construction of the new facility. The financing is structured to help preserve and grow employment in Polk County by supporting industrial investment in a qualifying low-income community.
National New Markets Fund focuses its investments on manufacturing, processing and agricultural businesses located in low-income areas, and the Corrigan project fits within that mandate. By channeling NMTC allocation into RoyOMartin’s expansion, the fund is helping to advance a large-scale industrial project that ties together job retention, new employment opportunities and increased manufacturing output on an established campus.
As construction progresses, the combination of a sizeable capital commitment, specialized tax credit financing and a notable gain in production capacity positions the Corrigan campus as an expanded hub for RoyOMartin’s wood products business in East Texas. The project underscores continuing investment in industrial facilities in smaller communities where targeted incentives can have an outsized impact on local employment and output.
