Sofidel Announces $360 Million Greenfield Tissue Mill in Oklahoma
"I'm pleased to be able to announce this new greenfield investment . . . We're going to build a state-of-the-art integrated plant in Inola to serve the South-Central and Central-Western United States." – Luigi Lazzareschi, CEO of the Sofidel Group.
March 19, 2018 – Sofidel Group on March 16 announced that it will build a $360 million greenfield tissue mill in Inola, Oklahoma (USA). The new production facility will include both the paper mill and converting lines. Inola is located about 30 miles east of Tulsa.
This is Sofidel's second greenfield investment in the US — its first being the construction of a new tissue mill in Circleville, Ohio, with start-up expected by the end of this year. The Circleville mill will operate two tissue machines with each machine having an annual production capacity of 70,000 metric tons.
Sofidel said the Inola mill will house two tissue machines with a combined production capacity of 120,000 metric tons per year, along with the associated converting lines to make the finished products, i.e. toilet tissue and towels.
“I'm pleased to be able to announce this new greenfield investment, the second in America, following the one in Circleville, Ohio,” said Luigi Lazzareschi, CEO of the Sofidel Group. “The purpose of this new investment is to make a significant contribution to our growth in the United States, one of the most important markets for our Group.
“We're going to build a state-of-the-art integrated plant in Inola to serve the South-Central and Central-Western United States, a market where we've had a presence since 2012 and where we've grown quickly, year after year,” Lazzareschi added.
Construction work in Inola begins this month and Sofidel expects to complete the mill portion of the project by mid-2020, while the converting production lines and warehouse are scheduled to be up and running by mid-2019.
When fully operational, the Inola plant will employ 300 full-time workers.
Headquartered in Italy, Sofidel is owned by the Stefani and Lazzareschi families and is the second largest tissue producer in Europe, and sixth worldwide with a production capacity of over one million metric tons per year. The company gained its presence in the US in 2012, when it purchased Cellyne Holdings Inc., which was then renamed Sofidel America. To learn more, please visit: www.sofidel.it/.