Company Acquires License Agreement

TimTek Australia Pty, Ltd., has announced that Shuqualak Lumber Company now has a license agreement to build a TimTek engineered wood products plant in Meridian, Miss.

TimTek Australia Pty, Ltd. is the holder of "Scrimber" technology and is marketing this process worldwide.

TimTek Australia currently is cooperating with Mississippi State University with a pilot plant located on the grounds of the Forest Products Lab in Starkville.

The pilot plant is being used to further research the process and to demonstrate this new concept of producing high strength products from forest thinnings.

The State of Mississippi has approved a $10 million appropriation to assist Lauderdale County with the purchase of the proposed site and the development of infrastructure necessary for the plant.

The company says the plant could provide 140 jobs directly and another 168 jobs indirectly in the Lauderdale County and surrounding areas.