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With an investment of more than $110 million, Saica Group, a producer of recycled paper for corrugated packaging, announces the construction of its second plant in the U.S., a new corrugated manufacturing facility in Anderson, Indiana. The announcement has been made after the final approval from the Board of Directors a few days ago.
Construction of the new factory is expected to commence in May 2025, and the factory is expected to open in Q4 2026. After construction is complete, Saica plans to create more than 50 full-time jobs during the first two years of operation and more than 100 after the plant has completed its ramp-up phase.
Designed with future growth in mind, the new facility will have almost 350,000-square-foot and is designed for production of more than 1,200,000 MSF of corrugated packaging. The site will include manufacturing, converting and production areas, along with a warehouse and office space. The plant is connected to a railroad line for the delivery of paper rolls, which reduces shipping costs. This site will also serve as a backup plant for clients already being served by Saica Pack Hamilton.
Susana Alejandro, President and CEO of Saica Group, said: “Saica is committed to stability and long-term growth in the US. This investment is the proof that we are moving forward with our plans in the U.S. as we are convinced that we can provide products that will differentiate us in a crowded market. It reflects our deep commitment to delivering exceptional service, as we believe our knowledge and experience in the production of recycled lightweight papers and corrugated packaging will bring high performance packaging to the US marketwhile becoming more efficient in the use of materials”.
Anderson City Mayor Thomas Broderick, Jr. said, “We are excited that Saica has chosen Anderson for this new facility. This investment into our community will assist us in our continued efforts of bringing into Anderson diversified advanced manufacturing opportunities. I want to thank our economic development team that has worked hard, along with Saica, in making this a reality.”
Ann Lathrop, chief strategy officer of the Indiana Economic Development Corporation (IEDC), said: “Saica’s investment in Indiana is a testament to our state’s pro-growth business climate and robust network of skilled manufacturing talent. The company’s new Hoosier operations will have a significant impact on the local economy and for the community of Anderson, Madison County and the surrounding central Indiana region for years to come.”
Based on the company’s plans to create more than 100 jobs by the end of 2030, the IEDC committed an investment in Saica Group of up to $2 million in incentive-based tax credits and up to $150,000 in training grants. The IEDC also offered up to $300,000 in Industrial Development Grant Fund incentives to support infrastructure improvements surrounding the new site. These tax credits are performance-based.
This investment follows a previous announcement on Saica´s growth plans, where the company is planning to invest around $800 million in the U.S. market over the next several years. Saica Group coming to Anderson is a win-win for the company and the community. Anderson will benefit greatly from the company’s more than $110 million capital investment and the creation of more than 100 well-paid jobs, while Saica will benefit from Anderson’s workforce, developable greenfield acreage and rail connectivity.
Saica Group has been in business since 1943 and has a record of stable growth in the production of recycled paper and the packaging industry. Saica Group is a family-owned multinational company. Currently the company employs more than 12,000 employees and has a revenue of $3.9 billion (consolidated sales, Dec. 2024).
