Kronospan’s $362 million investment in its Oxford, Alabama mill will add 160 jobs, the Calhoun County Economic Development Council (EDC) announced. The expansion, when completed, will see a total investment of $650 million and more than 270 workers, making Kronospan the largest private capital investor in the City of Oxford and one of the biggest employers in the area.
The expansion includes: two laminate flooring and decorative paper impregnation lines; a particleboard and thermally infused laminate line; an expansion of the KronoChem resin plant; and the development of a furniture cluster.
“We sincerely appreciate the State of Alabama, acting through the Department of Commerce, the City of Oxford and Calhoun County for supporting our expansion project and making it a reality,” said Tim Pack, Chief Financial Officer of Kronospan.
“I’m honoured and pleased to see Kronospan embark on an expansion in Oxford that will create good jobs for the citizens of Calhoun County,” Governor Robert Bentley said. “Job creation is my No. 1 priority because it means new opportunities for Alabama residents.”
Don Hudson, Calhoun County Commissioner, echoed the excitement from the EDC and the City of Oxford. “We are so pleased to see such a significant industry in our community continue to invest in Calhoun County and create new jobs. We are thrilled to witness the future impact this expansion with Kronospan will have in our community.”
Kronospan started MDF, HDF and resin manufacturing in Oxford in 2008. In December 2015, the company acquired Clarion Industries in Shippenville, PA. The Pennsylvania operations employ 320 persons.
Source: Lesprom Network