Nip Impressions logo
Thu, Mar 28, 2024 10:13
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
Saica Group to invest $800 million in U.S. market

OHIO (News release) -- Saica Group, a leading manufacturer of recycled paper for corrugated board, recently announced it will be investing $800 million in the U.S. market, growing through strategic acquisitions or new plant construction during the next five years. This growth follows last year's announcement of Saica's first U.S. corrugated plant in Hamilton, Ohio, scheduled to open in early 2022.

The plans were unveiled as part of the company's "Saica 2025" strategic plan.

"The journey to the U.S. market has not been an easy road, but we are convinced that we can provide products that will differentiate us in a crowded market," said Saica Group President Ramón Alejandro. "We have been encouraged by the tremendous support we've received as we began work on our plant in Hamilton, Ohio."

When open, the Hamilton Saica plant will occupy a newly-built 300,000 square-foot facility and will include manufacturing, converting and production areas, along with a warehouse and office space.

"We believe our extensive knowledge of low-weight recycled paper production along with the increased demand for cartons makes this a great time to come to the U.S. market," Alejandro said.

Saica's investment will also bring approximately 500 jobs to the market. Specific growth plans are still being determined.

Readers, please tell your suppliers that you read Paperitalo Publications


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: