Sofidel Continues to Grow in the USA with a New Greenfield Investment in Oklahoma

The tissue production group  is expanding its US presence through an integrated plant (paper mill and converting) in Inola with an output of 120,000 metric tons a year, a total investment of 360 million dollars within 2020.

Sofidel’s first greenfield investment in the US, in Circleville, Ohio,  will instead be completed by the end of 2018.

Sofidel, one of the global largest tissue (paper for hygienic and domestic use) production players, today announces a major new stage in its journey of international growth, initiating a new greenfield investment in the United States to build an integrated plant – i.e. including both the paper mill and converting lines – in Inola,  Oklahoma, around 30 miles east of Tulsa.

This is the Group’s second greenfield investment in the United States, with the construction of a brand new plant, starting from the laying of the foundation stone.

Two tissue technology machines, for a total output of 120,000 metric tons a year, will be installed in Inola together with the corresponding converting lines to make the finished product (toilet tissue and towels).

The overall investment will amount to 360 million dollars over three years (2018-2019-2020), resulting in a plant that will combine sustainability  and technological innovation.

“I’m pleased to be able to announce this new greenfield investment, the second in America, following the one in Circleville, Ohio. The purpose of this new investment is to make a significant contribution to our growth in the United States, one of the most  important markets for our Group” commented Luigi  Lazzareschi, CEO of the Sofidel Group. “We’re going to build a state-of-the-art integrated plant in Inola to serve the South-Central and  Central-Western  United States, a market where we’ve had a presence since 2012 and where we’ve grown quickly, year after year.”

Work on building the plant will begin in March 2018 and will be completed by mid 2020, while the converting production lines and warehouse will already be up and running by mid 2019. Once fully operational, the new plant will employ 300 full-time workers.

Sofidel is a family-run company owned by Stefani and Lazzareschi families, and is the second biggest player in Europe today, and sixth worldwide, in tissue paper manufacturing, with a turnover of 1,842 million euros (2016) and a production capacity of more than 1 million metric tons a year.
more at:  https://www.prnewswire.com/news-releases/sofidel-continues-to-grow-in-the-usa-with-a-new-greenfield-investment-in-oklahoma-677118293.html

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