Engineered wood products manufacturing company Swiss Krono Group is investing $230 million in Barnwell, South Carolina, with an expansion of its operations there.
The expansion, which will create more than 100 jobs in the next few years, will include construction of a high-density fiberboard (HDF) mill, which in turn will increase the company's laminate flooring production capacity to 8 million square meters annually.
KronotexUSA Holdings Inc. is the U.S. subsidiary of Switzerland-based Swiss Krono Group.
"(The expansion) is yet another big victory for our state’s robust manufacturing industry," South Carolina Secretary of Commerce Bobby Hitt said. "I’m excited by all of the success Kronotex has achieved in South Carolina and look forward to watching them continue to thrive in the years to come.”
Construction on the addition to the company will begin later in 2016 and is expected to be completed by the summer of 2018. Applications for employment can be completed and submitted through the company's website, www.kronotexusa.com.
“South Carolina has been a great investment partner for European countries," Swiss Krono Group manangement board member Max Von Tippelskirch said. "We appreciate the collaborative efforts of South Carolina Governor Nikki Haley and our many partners, including Barnwell County governmental agencies. Their patience, perseverance and continuous support have been and will continue to be instrumental in the future success of our South Carolina operations.”