Georgia-Pacific announced the official start of production of its newest lumber facility in Talladega, Ala., according to a press release from the company. The $100 million, 300,000-square-foot facility took nine months to complete and will generate an approximate $5 million in annual payroll, according to the firm.

Building material manufacturer Georgia-Pacific currently has eight facilities in Alabama that span the all the company's business segments and the company has invested $1.2 billion in its operations across the state in the past five years.

According to the press release, the facility can produce 230 million board feet of lumber each year with plans to expand production to 300 million board feet per year in the near future. The Talladega plant is the first of three new lumber production facilities Georgia-Pacific plans to open in the southeast region by the end of next year.

"The demand for lumber continues to improve as the housing market recovers," vice president and general manager of Georgia-Pacific Lumber Fritz Mason said. "We look forward to starting up our other two mills currently under construction in Warrenton, Ga., in the spring and in Albany, Ga., in late 2019."