The Ireland-based company expanding its operations to the United States is getting ready to pour concrete and start construction of its new facility in Crossett, according to Mike Smith, director of the Crossett Economic Development Foundation.
AREZ International is investing $8 million in a 60,000 square-foot facility on a six-acre site in Crossett where it will produce rosin-based resins for the printing ink industry.
Construction is expected to be complete in February with about 125 new jobs projected over the first 24 months, Smith said.
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, Smith said.
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.