Ritrama announces $85 million investment in Spartanburg County

Italian chemical company Ritrama announced Thursday it will invest an additional $15 million in its North American headquarters facility under construction in Spartanburg County.

The economic development project in Spartanburg County codenamed “Apollo 17” has officially landed.

Ritrama, the Italian chemical company previously connected to the project, announced its plan Monday to invest $85 million to establish its North American headquarters and manufacturing facility in a 350,000-square-foot facility in Moore.

The company said the investment will create 150 jobs. The facility, which is expected to be fully operational by the end of 2017, will be its most “modern” and “productive” plant in the world.

“We at Ritrama are excited about expanding our North American manufacturing footprint in Moore,” said Ricardo Rink, CEO of Ritrama Group, in a statement. “Both Spartanburg County and the state of South Carolina have been very supportive to work with during this process and we are looking forward to being part of the community and bringing new jobs to our highly automated, state-of-the-art facility.”

The facility will be located on a more than 37-acre site beside Kobelco Construction Machinery USA’s new $41 million, 156,700-square-foot plant near the intersection of highways 290 and 221.

County property records showed the company purchased the site under its subsidiary Apollo 17 LLC from Greenville-based Pacolet Milliken Enterprises for about $1.46 million this past November.

Construction crews began grading the site in late 2015. The concrete shell of the building’s exterior was visible on Monday.

Ritrama said the facility will utilize the latest coating technologies and advanced robotics for internal logistics and packaging, as well as a fully automated storage and retrieval system for all of its warehousing requirements.

Hiring for the new positions is expected to begin later this year and continue into early 2017. Ready SC and SC Works will assist with the recruitment process, according to the company.

South Carolina’s Coordinating Council for Economic Development has approved job development credits for the project, as well as a $150,000 Set Aside grant for the county to assist with the costs of real property improvements.

Founded in 1962 in Italy by the Rink family, Ritrama is a privately owned manufacturer, seller and distributor of commodity and specialty self-adhesive materials, according to the company’s website.

The company serves more than 50 countries and operates facilities in Europe, North America, Latin America and Asia.

“Ritrama’s decision to locate its facility in Spartanburg County is wonderful news, and the product of a team effort involving our County Council and county staff, the Economic Futures Group and the South Carolina Department of Commerce, alongside our valued local economic development allies, Pacolet Milliken, and utility providers,” said Spartanburg County Councilman David Britt, in a statement.

John Montgomery, principal of Spartanburg-based Montgomery Development Group, and Garrett Scott, Givens Stewart and Brockton Hall with Colliers International represented Pacolet Milliken in the sale of the land. Wills Allen with Newmark Grubb Knight Frank’s Atlanta office represented Ritrama in the transaction.

For more information, visit: ritrama-us.com.


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