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Sofidel Makes $360M Greenfield Investment in Oklahoma
Print Article Contributed by BSM Staff

FORT WASHINGTON, PA -- Sofidel, a provider of paper for hygienic and domestic use, has 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.

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,” said Luigi Lazzareschi, CEO of Sofidel Group. “This new investment will significantly support our growth in the U.S. market, a crucial one for our 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 it has been operating since 2012, said Lazzareschi. “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.

Sofidel is committed to investing $360 million over the next three years. Construction is expected to 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.

The Sofidel Group, has subsidiaries in 13 countries – Italy, Spain, the UK, France, Belgium, Germany, Sweden, Poland, Hungary, Greece, Romania, Turkey and the USA -- with more than 5,500 employees. A member of the UN Global Compact and the international WWF Climate Savers program, the Sofidel Group considers sustainability a strategic imperative and is committed to promoting sustainable development. 

For more information, visit www.sofidel.com.

 

 

 

 

 

 


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