Sofidel Group Announces Strategic Greenfield Investment In Oklahoma
Sofidel, a global provider of paper for hygienic and domestic use, announced a new “greenfield” investment for an integrated plant (tissue production and converting facilities) in Oklahoma. The new production site will be located in Inola, Rogers County, near Tulsa, Oklahoma.
Thanks to its South-Central position in the U.S., the area offers well-established logistics as well as affordable sources of energy and an expert workforce.
“I am glad to announce this second greenfield investment, after the first in Ohio. This new investment will significantly support our growth in the U.S. market, a crucial one for our Group,” said Luigi Lazzareschi, CEO of Sofidel Group.
In Oklahoma, Sofidel will build a new, modern integrated plant to serve the South-Central and Central-Western areas of this great country, where we have been operating since 2012 and we have been growing year after year at a very fast pace. I would like to thank all the partners that have supported us in making this new project, as they have played an integral role in helping us achieve this goal.”
The investment refers to the installation of two tissue paper machines for a total production capacity of 120,000 tons per year each, with related converting lines. One machine will be dedicated mainly to toilet tissue production, while the second one will be used mostly to produce paper towels.
As a whole, Sofidel is committed to investing $360 million over three years (2018 – 2019 – 2020). Construction is expected to start in March 2018 and will be completed by Q2 2020, while the converting lines and the warehouse functions will be in place by the end of Q2 2019. The new production plant, once completed, will employ at least 300 full-time workers.
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