Swiss Krono Group to invest in $230 million expansion

Home News Swiss Krono Group to invest in $230 million expansion

Columbia, S.C—Swiss Krono Group, one of the world’s leading producers of engineered wood products, and its American subsidiary, KronotexUSA, plans to expand 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.

This expansion will allow KronotexUSA to produce 300,000 cubic meters 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 square meters.

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.

“South Carolina has been a great investment partner for European countries,” said Max Von Tippelskirch, member of the Swiss Krono Group management board.

Must Read

Richard French named Mannington Commercial president

Calhoun, Ga.—Mannington Commercial has named Richard French its new president, effective today. He replaces Tom Pendley, who was promoted to chief operating officer of...

Sika hosts installation training event

Davenport, Fla.—Sika, a global supplier of specialty industrial chemicals, welcomed 23 installers from all over the state to its facility here for a two-day...

Why I will never own an electric vehicle

So there is a faction of the population who believe that by 2035 all combustion-engine vehicles should go the way of the dinosaur, replaced...

Tax deductions available for home-based businesses

By Roman Basi—Working from home has become much more common within the last couple of years—primarily as a result of the pandemic. Those who...

FloorCon 2022: Broadlume seeks to fuel a retail revolution

Tucson, Ariz.—Achieving success in retail today is not about maintaining the status quo or accepting mediocrity—it’s really about disrupting the consumer experience. That was...

Flooring dealers: We’re prepared for challenges

Flooring dealers have been in this situation before—a slowing economy, perhaps even a minor recession for a quarter or two, but nothing they can’t...
Some text some message..
X