Kronospan Plans $362 Million Expansion In Alabama
“We sincerely appreciate the State of Alabama, acting through the Dept. of Commerce, the city of Oxford and Calhoun County, for supporting our expansion project and making it a reality,” comments Tim Pack, CFO of Kronospan. Once the expansion project is completed, Kronospan will have invested $650 million and will employ more than 270 at its Oxford operations. Kronospan will utilize the services of the local Alabama Career Center to recruit for the expansion. Hiring will be undertaken in phases and include a job fair in the near future.
Kronospan is a leading manufacturer of wood-based panel products and related value-added products. The company is privately owned, with more than 40 manufacturing and distribution sites throughout the world.
In 2008, Kronospan started up operations at Oxford where it currently manufactures MDF, HDF and resins. Notwithstanding very difficult market conditions in the housing industry, Kronospan has maintained its level of employment at the Oxford facility since startup.
In December 2015, Kronospan made another significant investment in the United States when it acquired Clarion Industries in Shippenville, Pa. Clarion Industries produces MDF, HDF and laminate flooring. The Pennsylvania operations employ 320.
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