GCP Paper Secures Financing for New Manufacturing Facility

News Summary

GCP Paper has successfully secured financing for a substantial new manufacturing facility in New Caney, Texas. Covering 565,765 square feet, the site will enhance the company’s operational presence in the U.S. and is expected to generate significant local employment opportunities. Construction is set to start in mid-2025, with completion projected for summer 2026. This investment is poised to bolster both GCP Paper’s manufacturing capabilities and the local economy.

Financing Secured for GCP Paper’s New Manufacturing Facility in New Caney, Texas

Financing has been successfully arranged for a significant manufacturing facility project in New Caney, Texas. This project, which will cover a massive total area of 565,765 square feet, marks an important step for GCP Paper, a leading manufacturer based in Mexico, specializing in essential paper products such as toilet paper, facial tissue, and paper towels.

Project Overview

The new facility is strategically located on a 32-acre site within the East Montgomery Industrial Park, setting the stage for GCP Paper to establish a significant operational presence in the United States. This development is designed as a build-to-suit project, ensuring that it meets the specific needs of the company as they expand their manufacturing capabilities.

The planned facility consists of two interconnected single-story buildings: an office/production warehouse and a dedicated mill building. The office/production warehouse is designed with dock-high loading bays and utilizes concrete tilt-wall panel construction, which provides durability and efficiency for the manufacturing processes.

Key Financial Details

The financial aspect of the project has been facilitated by representatives who successfully secured debt financing through Cadence Bank for the benefit of GCP Paper. The financing structure includes a loan-to-cost ratio of 80%, which reflects a strong commitment to the project’s investment and development.

Construction on the manufacturing site is set to commence in June 2025, with an anticipated completion date in the summer of 2026. This timeline underscores the urgency and dedication associated with the project, highlighting the significant role it will play in the region’s industrial capabilities.

Impact on Local Employment and Economy

The establishment of GCP Paper’s flagship facility in the U.S. is expected to create substantial employment opportunities in the New Caney area, positively impacting the local economy. The project aims not only to boost the manufacturing output of paper products but also to increase job opportunities for local residents, contributing to the growth and stability of the community.

As GCP Paper moves forward with this substantial investment, it will not only strengthen its operational framework in the United States but also reinforce its position as Mexico’s market leader in private label paper products.

Industry Networking Opportunities

In conjunction with this development, several upcoming real estate conferences will be held in major cities including Kansas City, Houston, and Phoenix. These events are set to discuss market trends and provide valuable networking opportunities for industry professionals. Participants in these conferences will gain insights into the shifts in manufacturing, logistics, and economic impacts currently affecting the sector.

The address for the new GCP Paper facility is 19685 Emerald Lane, a location poised to become a crucial hub for manufacturing within the region. As construction begins, stakeholders and local businesses will closely monitor the progress, anticipating the initial contracts and job postings that will arise from this significant undertaking.

The project is being developed and constructed by Pontikes, ensuring that completion standards and timelines are adhered to as work progresses. With the financing firmly in place and construction set to begin, the future looks bright for GCP Paper and the communities it aims to serve as it establishes its presence in the United States.

Deeper Dive: News & Info About This Topic

Additional Resources

• Rebusiness Online: GCP Paper’s Manufacturing Facility Financing
• Connect CRE: Mexican Paper Maker’s New Factory
• HBS Dealer: McCoy’s New Location in Carney, Texas
• Wikipedia: New Caney, Texas
• Bisnow: Houston Deal Sheet