KronotexUSA and its parent firm Swiss Krono Group will invest $230 million to build a high-density fiberboard mill and expand the company’s laminate flooring production in Barnwell, South Carolina, a move which will create 105 new jobs over the next few years.
Construction is scheduled to begin by mid-2016, with HDF operations to begin by summer 2018. Once completed, the company said the expansion will allow it to produce 300,000 cubic-meters of HDF per year, to be used for manufacturing laminate flooring and for sale to furniture, cabinet, fixture, door and other wood-based manufacturers. Kronotex’s annual laminate flooring capacity is expected to increase an additional 8 million square-meters.
Kronotex opened its laminate flooring facility in 2005 and was featured on WoodworkingNetwork.com in 2008. A $45 million expansion in 2011 about doubled the size of the plant, and in 2015 Kronotex underwent another expansion, adding equipment to do its own paper and overlay treating.
“We’ve been very happy with the quality of the workforce talent here in South Carolina. And we’re delighted to be able to employ more Americans here in Barnwell and grow our exceptional relationship with the local people, businesses and government,” said Norm Voss, former CEO and member of the Board of Directors of Kronotex USA Holdings Inc.
The addition of new jobs will increase the company’s workforce in South Carolina to 275 people. Additional funding for the project was provided by the Coordinating Council for Economic Development, which approved job development credits, plus a $1 million Rural Infrastructure Fund grant to Barnwell County to assist with the costs of real property improvements related to the project.
From Woodworking Network: https://www.woodworkingnetwork.com/news/woodworking-industry-news/kronotex-announces-230-million-laminate-flooring-panel-mill-expansion