Swiss Krono Set to Expand Barnwell, SC Plant
Barnwell, SC, October 1, 2018-A $200+ million, 250,000 square-foot expansion of the Swiss Krono plant in Barnwell, South Carolina has been enabled by National New Markets Fund, The Innovate Fund, Dakotas America and SunTrust Community Capital, which allocated $17 million, $11.25 million, $10 million and $7 million, respectively, in New Markets Tax Credits.
The project includes the construction of a new multi-density fiberboard manufacturing line, ancillary wood yard, energy plant and waste treatment facilities, and the installation of a fourth laminate flooring line.
Since establishing operations in Barnwell County in 2005, the company has purchased 100% of the high and medium density fiberboard it uses from out of state sources. The addition of a multi-density fiberboard manufacturing line will allow Swiss Krono to vertically integrate its business, resulting in substantial operational cost savings. In addition, Swiss Krono will source its wood products locally.