Grupo Saica announces a $110 million investment to build its second U.S. facility in Anderson, Indiana, creating over 100 jobs and enhancing its production capacity for recycled packaging.

Information on the Target

Grupo Saica, a leading European company in the development and production of recycled paper for corrugated packaging, is set to invest over $110 million (more than €100 million) to establish its second Saica Pack facility in the United States. This new plant will be located in Anderson, Indiana, marking a strategic expansion in the American market following the recent approval from the Board of Directors.

The construction of the facility is scheduled to begin in May 2025, with operations expected to commence in the fourth quarter of 2026. Upon the plant's completion, Saica anticipates generating over 100 new jobs in the state of Indiana when the facility reaches full operational capacity, with more than 50 jobs created in the initial two years of operation.

Industry Overview in the Target's Specific Country

The corrugated packaging industry in the United States is experiencing significant growth driven by rising demand for sustainable packaging solutions. As business