Company Name: Saica Group, subsidiary Origin Venture
Industry Sector: Advanced Manufacturing
Company Profile: Saica Group is one of the largest European players in the development and manufacturing of recycled paper for corrugated board, with a production of 3.5 million short tons of paper. Saica Group has more than 10,000 employees across Spain, France, Italy, Portugal, UK, Ireland, Turkey, Luxembourg and the Netherlands.
Company Website: originventures.com
- Type of Project: New location
- Jobs Committed: 64
- Capital Investment: Nearly $72 million
- Timetable: The construction is expected to start in September 2020 and take 18 months to finish.
Headquartered in Spain, Saica Group sought to bring its high-performance packaging and reduced materials manufacturing closer to the North American market.
“Saica Group’s know-how and experience in the production of lighter weight containerboard and corrugated packaging will bring high-performance packaging and reduced materials use to the U.S. market. Since the beginning, we have been looking at different locations in the Midwest. The assistance offered from the state of Ohio combined with an appealing proposal from the city of Hamilton motivated our decision. JobsOhio, REDI Cincinnati, and the city of Hamilton have been key supporting players during this process. We are very excited about this new project and we look forward to the next steps.” – Ramon Alejandro, chairman, Saica Group.
Saica will construct a new, state-of-the-art corrugated manufacturing facility near Cincinnati in the city of Hamilton under its subsidiary name, Origin Venture. When Saica Group started planning its entry into North America, it immediately began considering sites in the Midwest due to the concentration of manufacturing experience, workforce, businesses and partners, as well as proximity to potential clients.
Ohio has been one of the strongest advanced manufacturing states for generations in the U.S. The state’s large manufacturing workforce, research network, low-cost business environment and pro-manufacturing tax structure make the state appealing to international businesses looking to break into the U.S. Plus, with Ohio’s central geographic location in the Midwest, manufacturers can reach 60% of the U.S. and Canada populations within a day’s drive.
In June, the state of Ohio approved a Job Creation Tax Credit, and JobsOhio is supporting the project with a JobsOhio Economic Development Grant and JobsOhio Workforce Grant. The project is also contingent on the approval of a Job Creation Tax Credit and property tax abatement by the city of Hamilton.
REDI Cincinnati, the city of Hamilton, JobsOhio and the Ohio Development Services Agency