Eastman to Invest $40 Million in Virginia PlantSeptember 30th, 2013 | Category: Featured Content, Industry News
Eastman Chemical Co. has announced plans to invest $40 million over the next three years in the company’s manufacturing plant in Henry County, Va. Eastman acquired the site in 2012. It is one of the largest and most integrated window and performance-coated film manufacturing sites in the world.
“Over the next three years, we will make infrastructure and technology upgrades, warehousing improvements, environmental and safety enhancements and expand capacity in support of growth,” says Travis Smith, vice president and general manager for Eastman’s Advanced Materials, Performance Films division. “The dollars we spend will drive even further improvements in quality and reliability and create the technologies needed to deliver new innovation and growth. Investing in new machinery and equipment as well as workforce capabilities will help expand our ability to provide the products our dealers need, when they need them.”
Mark Costa, president of Eastman states, “Eastman’s investment … will target specific initiatives and include infrastructure and technology upgrades, warehousing improvements, environmental, safety and reliability enhancements and production capacity expansions to support growth.”
“In order to remain a market leader, we must make continuous improvements in operations, drive innovations, and focus on growth opportunities,” adds Smith. “As I’ve mentioned in the past, we have a deep and abiding commitment to operational excellence, developing products that respond directly to market demand and delivering value to our channel partners and their customers. This investment confirms our confidence in the future of the business and the confidence we have in our dealers and partners worldwide.”
The investment is expected to create 25 new jobs.