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Egger Group Plans $700 Million Particleboard Plant In North Carolina

Egger Group has announced plans to build its first U.S. particleboard plant in Lexington, North Carolina. The Austrian-based panel producer will invest approximately $304 million for the first phase of the project, with the entire project expected to run about $700 million.

Construction is set to begin by the end of 2018, with production scheduled for 2020. The panel plant will create 400 direct jobs over the next six years, with an additional 370 jobs planned for later phases of the 15-year project.

The news was announced July 24, during a meeting with the North Carolina Governor Roy Cooper, representatives of local authorities, company co-owner Michael Egger and Walter Schiegl, Egger Group Management Technology/Production.

Sources report the 4.5 million-square-foot production facility will be spread across more than 200 acres in an industrial park. The first stage of the project will involve the construction of a composite panel plant with coating capacities. The company said the North Carolina plant will feature state-of-the-art facilities and will enable it to better serve customers in North America.

“The planned production location in Lexington, North Carolina will play a decisive role for Egger’s increasing presence on the North American market for wood-based materials, as well as ensure product availability and delivery speed for our customers,” Schiegl said. Egger’s panel products are used in the manufacture of a variety of items, including laminate flooring, cabinetry, residential and commercial furniture, and casework.

From Woodworking Network: http://www.woodworkingnetwork.com/news/woodworking-industry-news/egger-plans-700-million-particleboard-plant-north-carolina?ss=news,news,woodworking_industry_news,news,almanac_market_data,news,canadian_news

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