Ritrama announces additional $15 million investment in Spartanburg County

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

Italian adhesives manufacturer Ritrama announced Thursday it will sweeten its investment in Spartanburg County.

The company said it will add $15 million to its previously announced $85 million investment in its North American headquarters. The facility is currently under construction off Highway 290 in Greenville-based Pacolet Milliken Enterprises’ Tyger River Industrial Park South.

In January, Ritrama confirmed the facility will create 150 jobs. The company did not say Thursday whether it planned to increase that number with the additional investment.

“South Carolina continues to lead the manufacturing renaissance, and today’s announcement by Ritrama is a testament to that,” said S.C. Sec. of Commerce Bobby Hitt, in a statement. “By deciding to invest an additional $15 million in its new Spartanburg County facility, Ritrama is making a statement that South Carolina is where it wants to do business.”

The company said the facility is designed to be Ritrama’s most modern and productive plant worldwide. It will utilize the latest coating technologies and advanced robotics for internal logistics and packaging.

The company originally said the facility will be 350,000 square feet, but it was not made clear Thursday if Ritrama plans to add more space with the increase in its investment in the more than 37-acre site.

At its monthly meeting on July 17, Spartanburg County Council approved an amendment to the company’s incentives package. The deal included special source revenue credits up to $1.5 million for at least 5 years, with yearly increments of up to 30 percent.

“We are extremely pleased that Ritrama is already looking to grow and has chosen Spartanburg County as the location for its North American headquarters,” said Spartanburg County Councilman David Britt, in a statement. “Our community, region, and state are dedicated to providing the support to help them continue on a path of success.

Founded in 1962 in Italy, Ritrama is a privately owned manufacturer, seller, and distributor of commodity and specialty self-adhesive materials. The company serves more than 50 countries and operates facilities in Europe, North America, Latin America, and Asia.

In October Ritrama said in a statement it planned to open the facility during the fourth quarter of 2017. The opening date of the facility was not disclosed Thursday.

“We at Ritrama are excited about expanding our North American manufacturing footprint in Moore, S.C.,” said Ricardo Rink, CEO of Ritrama, in the October 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 factory.”

A sign in posted front of the company’s facility indicated it is now hiring via the S.C. Technical College System’s readySC division.

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 Knight Frank’s Atlanta office represented Ritrama in the transaction.

For more information, visit: www.ritrama.com.

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