West Point Veneer LLC, a subsidiary of the Michigan-based Coldwater Veneer, Inc., is planning to invest $2.5 million to reactivate its former manufacturing facility in West Point.

According to a press release from the office of Gov. Glenn Youngkin, once operational, the mill will produce the highest grades of wood veneer available in the U.S. marketplace and will have the capacity to ship its product around the world via The Port of Virginia. Customers will include both dealers and manufacturers of wood veneer faces, panels, doors, furniture, cabinets, store fixtures and other architectural applications.

The plant’s reactivation will create 92 new jobs, said the release, and will increase capacity to meet growing demand in the global wood veneer market.

Dean Calhoun, CEO of Coldwater Veneer, said that the veneer mill has “state-of-the-art technology and equipment,” and Stephen A. Edwards, CEO and executive director of the Virginia Port Authority, said that West Point will be ...