Elementis to expand production capacity at Virginia industrial park

Speciality chemicals group Elementis has said that in response to market demand it is planning to expand production capacity for speciality rheological additives and dispersants for water-based coatings at an industrial park owned by Bayer MaterialScience in New Martinsville, West Virginia.

By MoneyWeek

published 24 September 2012

in Features

Construction is already underway and production is die to begin in the fourth quarter of this year.

"We are pleased to expand our presence in West Virginia," said Greg McClatchy, Elementis Specialties President. "The site has easy access to railroads and major highways as well as excellent infrastructure, a skilled workforce and a business-friendly climate. We are looking forward to the opportunities this new location presents for Elementis and for our customers in the coatings industry."

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

The share price fell 1.41% to 230.10p by 12:40.

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.