A Chicago entrepreneur wants to revive a rural Maine town’s defunct mill

A Chicago entrepreneur has ambitious plans to turn a former sawmill in Bingham into a plywood factory that could eventually employ 100 people, but he still needs to find enough funding to get the equipment up and running.

Charlie Martin, who has decades of experience in the forestry industry in the United States and Canada, plans to have the Maine Plywood USA plant up and running by next spring. The goal is to take advantage of Maine’s abundant supply of spruce and red maple trees to supply the country with plywood for sub-flooring.

China produces nearly 60% of plywood in the world. According to Maine Professional Logging Contractors Industry Group, Maine Plywood will be the only company in New England to manufacture plywood underlayment. This factory can use more than 100,000 tons of spruce per year.

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