US Eastman investing $40m in expansion of Virginia plant

25 September 2013 17:39  [Source: ICIS news]

HOUSTON (ICIS)--US specialty chemical producer Eastman will invest $40m (€30m) to expand its window and performance-coated film manufacturing plant in Henry County, Virginia, the state’s governor announced on Wednesday.

The expansion will take place over three years and create 25 jobs, Governor Bob McDonnell said.

Approximately 500 workers currently are employed at the southern Virginia plant, said Jim Cheng, Virginia’s secretary of commerce and trade

“The decision to invest will not only bring new jobs, but will help support the development of innovative, energy-saving product applications to grow Eastman's performance films business,” McDonnell said.

The expansion will target “specific initiatives” and include infrastructure and technology upgrades; warehousing improvements; environmental, safety and reliability enhancements; and production capacity expansions, said Mark Costa, president of Kingsport, Tennessee-based Eastman.

($1 = €0.74)

By: Jeremy Pafford
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