Arez LLC on Wednesday opened its new $8 million state-of-the-art resin production facility at Crossett. The facility is designed to produce more than 30 million pounds of resins for the North American lithographic and publication gravure printing ink markets.
Arez is a subsidiary of Arez International Ltd. of Ireland. This is the company’s first location in North America after building three plants in China. The company is expected to employ about 125 workers at the Crossett plant.
At a grand opening and ribbon cutting ceremony at the new facility in the Crossett Industrial Park on Wednesday, Arez director Dr. Helmut Schmidt said the company has found a “wealth of highly-trained, motivated workers in the Crossett area.”
Arez selected the Crossett location because it is close to its customers, raw materials, and the University of Arkansas at Monticello’s technical college in Crossett, according to Mike Smith, director of the Crossett Economic Development Foundation.
The primary supplier of rosin to AREZ will be Georgia Pacific in Crossett.
Founded in 2004 by John O’Mahoney, Arez International has grown to become a major player in the resin market, supplying in excess of 30,000 tons of resin annually from its manufacturing facilities in China, according to Ink World magazine.