UFP Industries, Inc. plans to invest approximately $5.31 million to establish a new UFP Packaging manufacturing facility in Cherokee County, South Carolina. The facility will expand Structural Packaging capacity and strengthen the company’s ability to provide customised, value-added packaging solutions to industrial customers.
Introduction:
UFP Industries, Inc. (Nasdaq: UFPI) plans to invest approximately $5.31 million to establish a new UFP Packaging manufacturing facility in Cherokee County, South Carolina. The facility will expand the company’s Structural Packaging capacity and strengthen its ability to serve industrial customers with customised, value-added packaging solutions.
Features:
The project is expected to create 136 new jobs over five years, with the investment covering real property, machinery and equipment.
The new facility will manufacture wood packaging products and enhance UFP Packaging’s ability to serve industrial customers, particularly those with highly technical packaging requirements, across the Southeast and other markets.
The investment will increase production capacity, expand UFP Packaging’s geographic reach and support the development of customised packaging solutions for complex packaging and logistics requirements.
UFP Packaging serves industrial, manufacturing and logistics customers with a portfolio of packaging products and services, including structural packaging, pallet solutions and protective packaging.
The project supports UFP Industries’ strategy to strengthen its core businesses, support growth and improve margins and returns by providing greater value to customers. The company also plans to develop a local workforce and create long-term career opportunities in the region.
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