Krono invests $230M in S.C. mill
December 30, 2015 – Swiss Krono Group, one of the world’s leading producers of engineered wood products, and its American subsidiary, KronotexUSA Holdings, Inc., announced the expansion of its existing operations in Barnwell County, S.C. The company is investing $230 million to build a high-density fiberboard (HDF) mill and expand its laminate flooring production, creating 105 new jobs over the next few years.
“South Carolina has been a great investment partner for European countries,” said Max Von Tippelskirch, member of the Swiss Krono Group Management Board. “We appreciate the collaborative efforts of South Carolina Governor Nikki Haley and our many partners, including Barnwell County governmental agencies. Their patience, perseverance and continuous support have been and will continue to be instrumental in the future success of our South Carolina operations.”
Headquartered in Switzerland, Swiss Krono Group’s origins can be traced back to 1966. Today, with facilities in France, Germany, Hungary, Poland, Russia, Switzerland, Ukraine and the United States, the company employs more than 4,500 workers worldwide. In an effort to meet increased customer demand, Swiss Krono Group is expanding its existing KronotexUSA facility in Barnwell County, which is located at 810 Technology Drive in Barnwell, S.C.
This expansion will allow KronotexUSA to produce 300,000 cubic-metres of HDF per year, which the company will use for laminate flooring manufacturing operations and sell to furniture, cabinet, fixture, door and other wood-based manufacturers. In total, the project will increase the company’s annual laminate flooring capacity by an additional 8 million sq. m.
“To have a great international company like Swiss Krono Group continue to grow, succeed and invest in our state proves that the Team South Carolina approach to economic development is working,” said Gov. Nikki Haley. “This $230-million investment, and the 105 new jobs it will create, is a real reason to celebrate, and we look forward to seeing the impact that this company will continue to have across our state.”
Preliminary engineering has been completed and construction is expected to start by mid-2016, with HDF operations to begin by the summer of 2018. Once completed, this expansion will increase KronotexUSA’s Barnwell County’s workforce to 275 employees. Those interested in applying for one of the new positions should visit the company’s careers page online.
The Coordinating Council for Economic Development has approved job development credits, as well as a $1 million Rural Infrastructure Fund grant to Barnwell County to assist with the costs of real property improvements related to the project. Further information is available at www.krono.com and www.kronotexusa.com.
December 30, 2015 By South Carolina Department of Commerce
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