OXFORD, Alabama — Kronospan, a leading producer of wood panel products, announced plans to invest $350 million to open an Oriented Strand Board (OSB) manufacturing plant on its Alabama production campus as part of an expansion that will create 125 jobs.
Once the growth project is completed, Kronospan will employ 600 people at the Oxford site and its total investment in Alabama will exceed $1 billion.
“This is not only an opportunity to further expand our portfolio of wood panel products in the United States but also meet our customers’ growing need for high-quality construction materials,” said Hans Obermaier, CEO of Kronospan’s North American companies.
“Just like the other plants on our site, the OSB plant will be constructed with our sustainability principles in mind and will further enhance our negative carbon footprint status,” he added.
