Porcari, Italy 16 March 2018 -- (News release) -- Sofidel, one of the global largest tissue (paper for hygienic and domestic use) production players, today announces a major new stage in its journey of international growth, initiating a new greenfield investment in the United States to build an integrated plant - i.e. including both the paper mill and converting lines - in Inola, Oklahoma, around 30 miles east of Tulsa.

This is the Group's second greenfield investment in the United States, with the construction of a brand new plant, starting from the laying of the foundation stone.

Two tissue technology machines, for a total output of 120,000 metric tons a year, will be installed in Inola together with the corresponding converting lines to make the finished product (toilet tissue and towels).

The overall investment will amount to 360 million dollars over three years (2018-2019-2020), resulting in a plant that will combine sustainability and technological innovation.

"I'm pleased to be able to announce this new greenfield investment, the second in America, following the one in Circleville, Ohio. The purpose of this new investment is to make a significant contribution to our growth in the United States, one of the most important markets for our Group" commented Luigi Lazzareschi, CEO of the Sofidel Group. "We're going to build a state-of-the-art integrated plant in Inola to serve the South-Central and Central-Western United States, a market where we've had a presence since 2012 and where we've grown quickly, year after year."

Work on building the plant will begin in March 2018 and will be completed by mid 2020, while the converting production lines and warehouse will already be up and running by mid 2019. Once fully operational, the new plant will employ 300 full-time workers.

Sofidel is a family-run company owned by Stefani and Lazzareschi families, and is the second biggest player in Europe today, and sixth worldwide, in tissue paper manufacturing, with a turnover of 1,842 million euros (2016) and a production capacity of more than 1 million metric tons a year.

Headquartered in Italy, Sofidel is present in the US market since 2012, when the company purchased Cellyne Holdings Inc. company, subsequently renamed Sofidel America. Since then, Sofidel has grown its operations in the country, with production plants in Green Bay (Wisconsin), Haines City (Florida), Henderson (Nevada), Tulsa (Oklahoma) and Hattiesburg (Mississippi), and the American headquarters in Philadelphia, Pennsylvania.

Moreover, by the end of 2018, the new integrated plant in Circleville, Ohio - resulting from the first greenfield investment of the Group in the United States - will become fully operational,

Sofidel's commitment to sustainable manufacturing, highlighted by its participation in the WWF Climate Savers programme, is demonstrated by specific measures to reduce greenhouse gas emissions and safeguard water resources, as well as by the procurement of pulp certified by independent third parties with forestry certification schemes.

****

EMPLOYMENT OPPORTUNITIES:

A family owned and operated corrugated packaging solutions company in Illinois is looking for an experienced Maintenance Technician to maintain production and quality by ensuring operation of machinery and mechanical equipment. Relocation and other perks are available to the right candidate who is committed to working third shift. If you are interested or would like more information, please contact Jim Thompson at: jthompson@taii.com Ph. 678-206-6010 Cell: 404-822-3412.

Are you an experienced Maintenance Mechanic and would like to work for a family owned and operated corrugated packaging solutions company that invests in the best equipment and technology? If you are interested or would like more information, please contact Jim Thompson at: jthompson@taii.com Ph. 678-206-6010 Cell: 404-822-3412.

A leading company in the corrugated solutions packaging business is looking for a experienced Electrician. The right candidate will possess the following skills: electrical; hydraulic; automatic drives (basic component machines 122 to 440 bolts). If you are interested or would like more information, please contact Jim Thompson at: jthompson@taii.com Ph. 678-206-6010 Cell: 404-822-3412.

* An expanding company is looking for a Corporate Industrial Electro-Mechanical Engineer near Allentown, PA. Relocation is available. Do you have a storied list of unique electrical and mechanical engineering skills you're ready to take to the next level? Do you envision yourself in a corporate-level leadership role that your experience finally merits? And do you relish any opportunity to troubleshoot and solve real-time problems, all while designing and installing new services and systems that will not only ensure safety, but also turn a potentially hazardous work environment into a continuously thriving one? If you are interested or would like more information, please contact Jim Thompson at: jthompson@taii.com Ph. 678-206-6010 Cell: 404-822-3412.

* An expanding company is looking for hands-on Electro Mechanical Maintenance Techs in Conyers, Georgia. Preference will be given to candidates with higher education and additional certificates or training. You must be able to work any shift. Pay is negotiable with excellent perks and benefits. Relocation assistance is available to the right candidate. If you are interested or would like more information, please contact Jim Thompson at: jthompson@taii.com Ph. 678-206-6010 Cell: 404-822-3412.

* Working as a Consultant? Looking for some additional challenges with a flexible scheduling? Have a background in Consistency Control? This may be just the opportunity you are looking for: A large multi-national automation company seeks an expert in paper mill consistency technology. This individual will facilitate application support and start-ups in the paper mill environment. In addition, the ability to provide troubleshooting and technical advice and support is strongly desired. The individual should have an understanding of rotary, blade, microwave and optical consistency and the application of these devices in the paper mill. The company sells and maintains a line of consistency transmitters, sample valves and sheet break detectors. These products are marketed in the US through a rep. network. Knowledge of sheet break detection technology is also desirable. Individual must be willing to travel to paper production facilities across the US. Travel & Living Expenses to be reimbursed along with an agreed upon daily per diem rate. For more information, please contact Jim Thompson at: jthompson@taii.com Ph. 678-206-6010 Cell: 404-822-3412.

****