Zaragoza, Spain based Saica recently confirmed it will be investing $800 million in the U.S. market, growing through strategic acquisitions or new plant construction during the next five years. The growth follows last year’s announcement of Saica’s first U.S. corrugated plant in Hamilton, Ohio, scheduled to open in early 2022. The plans were unveiled as part of the company’s ‘Saica 2025’ strategic plan.
“The journey to the U.S. market has not been an easy road, but we are convinced that we can provide products that will differentiate us in a crowded market,” said Ramón Alejandro, President, Saica Group. “We have been encouraged by the tremendous support we’ve received as we began work on our plant in Hamilton, Ohio.”
When open, the new plant will occupy 300,0000-square-feet and will include manufacturing, converting and production areas, along with a warehouse and office space. Approximately 500 jobs will be created.
“We believe our extensive knowledge of low-weight recycled paper production along with the increased demand for cartons makes this a great time to come to the U.S. market,” Alejandro said.