Swiss Krono

New Markets Tax Credit Coalition

Barnwell,
SC
(2018)

Swiss Krono

Business Development, Manufacturing, Rural

Swiss Krono is building a 250,000-square-foot expansion on its existing Barnwell manufacturing facility, with help from the NMTC.

Investment

NMTC Amount: $45,250,000
Total Project Cost: $305,770,879

IMPACT

272 FTE jobs
500 construction jobs
The company partners with a local community college and high school for apprenticeship programs.
250,000 sq. ft. of real estate

CDEs

Dakotas America, Innovate Fund, National New Markets Fund, Truist

Investor

Truist

Project Description

250,000 sq. ft. expansion on Swiss Krono’s existing Barnwell manufacturing facility. The expansion includes the construction of a new medium-density fiberboard (MDF) manufacturing line, ancillary wood yard, energy plant and waste treatment facilities, as well as the installation of a fourth laminate flooring line. With this expansion, the plant produces laminate flooring, MDF, high-density fiberboard (HDF), laminated panels for the furniture industry and treated papers for use in laminate applications. Currently, the facility only produces laminate flooring and treated paper.

MAP

Address: 810 Technology Way, Barnwell, SC 29812

Census Tract: 45011970500

PDF Profile

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