Glatfelter to locate new manufacturing facility in Fort Smith
Company joins Gov. Hutchinson, Fort Smith leaders to announce $80 million investment, up to 83 new jobs
Fort Smith, Arkansas (March 1, 2016) – Glatfelter (NYSE: GLT), a global manufacturer of specialty papers and fiber-based engineered materials, today announced the company is locating a new manufacturing facility in Fort Smith, Arkansas, subject to the approval of the Fort Smith Board of Directors and closing on the purchase of the former Mitsubishi Power Systems building located in Chaffee Crossing.
Glatfelter will create up to 83 highly-skilled manufacturing jobs at the new facility with a total capital investment of approximately $80 million.
Glatfelter’s new Fort Smith facility will supply products to a variety of customers, including those who support the broader wipes and hygiene markets.
“We are truly excited to partner with the people of Fort Smith and Arkansas because we know that investing here makes great business sense for our company,” said Chris Astley, president of Glatfelter’s Advanced Airlaid Materials Business Unit and a senior vice president of Glatfelter. “Locating here benefits our business in a number of ways. It will enable us to expand our capacity to meet our customers’ growing demand for our advanced airlaid products, provide us with closer proximity to key suppliers and customers, and link us to highly efficient transportation routes across the South. Equally important, it will allow us to tap into the area’s high-quality workforce.”
In addition to the new Fort Smith facility, Glatfelter has 12 production facilities located across the United States, Canada, Germany, France, United Kingdom and the Philippines. The company, headquartered in York, Pennsylvania, employs more than 4,300 people worldwide.
Gov. Asa Hutchinson joined local and company leaders at the Fort Smith Regional Chamber of Commerce for today’s announcement.
“Glatfelter is a world-class company that is making a significant investment in Fort Smith while creating jobs that will improve the lives of many area families,” said Gov. Hutchinson. “We appreciate Glatfelter’s decision to locate in Arkansas and are proud to add Glatfelter to the growing list of manufacturers that are choosing to do business in the state.”
Glatfelter’s products range from highly technical substrates for products like tea bags, single-serve coffee filters, wipes applications, feminine hygiene products, nonwoven wallcoverings and energy storage, to repositionable notes, greeting cards, high-speed inkjet printing papers, high-quality book publishing papers and envelopes.
“Glatfelter’s decision to join Fort Smith’s corporate city is exciting news for this community. This will be the company’s fifth North American manufacturing operation, and first U.S.- based operation for its Advanced Airlaid Materials Business Unit,” said Tim Allen, President and CEO of the Fort Smith Regional Chamber of Commerce. “The cooperation between Glatfelter’s leadership, Gov. Asa Hutchinson, Mike Preston at the Arkansas Economic Development Commission and the City of Fort Smith was nothing short of spectacular. Companies with a global reach value Fort Smith’s location and they want our talent and resources working for their customers.”
Glatfelter representatives will be meeting with local officials and educational institutions as it develops its hiring plans for the facility. Glatfelter looks forward to providing additional information over the next few months regarding the hiring process. It expects to bring the facility on line in late 2017.
Caution Concerning Forward-Looking Statements
Any statements included in this press release which pertain to future financial and business matters are “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. The Company uses words such as “anticipates”, “believes”, “expects”, “future”, “intends”, “plans”, and similar expressions to identify forward-looking statements. Any such statements are based on the Company’s current expectations and are subject to numerous risks, uncertainties and other unpredictable or uncontrollable factors that could cause future results to differ materially from those expressed in the forward-looking statements including, but not limited to: changes in industry, business, market, political and economic conditions in the U.S. and other countries in which the Company does business, demand for or pricing of its products, changes in the cost to construct the new facility, changes in tax legislation, governmental laws, regulations and policies, initiatives of regulatory authorities, technological changes and innovations, market growth rates, and availability and costs of a qualified workforce. In light of these risks, uncertainties and other factors, the forward-looking matters discussed in this press release may not occur and readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements speak only as of the date of this press release and Glatfelter undertakes no obligation, and does not intend, to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release. More information about these factors is contained in Glatfelter’s filings with the U.S. Securities and Exchange Commission, which are available at www.glatfelter.com.
Glatfelter is a global supplier of specialty papers and engineered materials, offering innovation, world-class service and over a century and a half of technical expertise. Headquartered in York, PA, the Company employs approximately 4,200 people and serves customers in over 100 countries. U.S. operations include facilities in Arkansas, Pennsylvania and Ohio. International operations include facilities in Canada, Germany, France, the United Kingdom and the Philippines, and sales and distribution offices in China and Russia. Glatfelter’s sales approximate $1.6 billion annually and its common stock is traded on the New York Stock Exchange under the ticker symbol GLT. Additional information may be found at www.glatfelter.com.
Corporate Headquarters (York, PA)