Felix Schoeller transitioned from a paper mill to a converting company approximately seven years ago, and at that time, the company had ceased all major operations in Pulaski and only focused on converting papers that are made at other Felix Schoeller locations outside of the U.S.
The company has since been successful in growing its business significantly, but market dynamics in the North American photo paper market have made it difficult to continue the path of expansion. The new contract provides significant growth to the company’s business and employment in Pulaski, and secures the existing jobs. In addition, the ability to accommodate future, new contract business will solidify Schoeller’s existence in Central New York.
Felix Schoeller will receive more than $650,000 in Excelsior Jobs Program tax credits from Empire State Development to assist the company with the purchase of machinery and equipment and other project-related costs required to accommodate the new paper converting contract, and to help offset out-of-state incentives.
The Germany-based, family-owned company employs around 2,500 people and generates sales of about $1 billion.