cility. “This investment into our community will assist us in our continued efforts of bringing into Anderson diversified advanced manufacturing opportunities. I want to thank our economic development team that has worked hard, along with Saica, in making this a reality,” he said. Ann Lathrop, chief strategy officer of the Indiana Eco- nomic Development Corporation (IEDC), said that Saica’s investment in Indiana is a testament to the state’s pro- growth business climate and robust network of skilled manufacturing talent. “The company’s new Hoosier operations will have a significant impact on the local economy and for the com- munity of Anderson, Madison County and the surrounding central Indiana region for years to come,” she said. In response to the company’s plans to create more than 100 new jobs by the end of 2030, the IEDC has com- mitted up to $2 million in incentive-based tax credits and up to $150,000 in training grants. The IEDC also offered up to $300,000 in Industrial Development Grant Fund incen- tives to support infrastructure improvements surrounding the new site. The tax credits are performance-based. This investment follows Saica’s prior announcement of its plans to invest around $800 million in the US market over the next several years. Saica Group is a family-owned multinational company that has been in business since 1943. Currently, it employs more than 12,000 employees and has a revenue of $3.963 million.
AVERAGE CONTAINERBOARD PRICES The average prices reported are tabulated from prices PAID by various sources throughout the United States the week previous to issue. Prices in some areas of the country may be higher or lower than the tabulated average. The prices tabulated here are intended only for purposes of reference. They do not connote any commitment to sell any material at the indicated average. Transactions may be completed at any time at a price agreed upon by seller and purchaser. REGION 42# Kraft liner 26# Semi-Chem. Medium $ 900.00-925. 00 $ 825. 00 -$850.00 U.S. Average CANADIAN LINERBOARD & MEDIUM The average prices reported are tabulated from prices PAID by various sources throughout Canada. Prices may be higher or lower in various areas of the country. The prices tabulated here are intended only for purposes of reference. They do not connote any commitment to sell any material at the indicated average. Transactions may be completed at any time at a price agreed upon by seller and purchaser. Prices are Canadian $ and per metric ton. 42# Kraft Liner 26# Semi-Chem Medium East $970.00 $960.00 West $1,015.00 $995.00 REGION
Saica Group To Build (CONT’D FROM PAGE 1)
proof that we are moving forward with our plans in the American continent as we are convinced that we can pro- vide products that will differentiate us in a crowded mar- ket,” Susana Alejandro, president and CEO of Saica Group, said. “It reflects our deep commitment to delivering excep- tional service, as we believe our knowledge and experi- ence in the production of recycled lightweight papers and corrugated packaging will bring high performance pack- aging to the US market while becoming more efficient in the use of materials.” Anderson City Mayor Thomas Broderick, Jr. said they are excited that Saica has chosen Anderson for the new fa-
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March 24, 2025
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