Albemarle plans to expand Orangeburg plant, US
Albemarle Corporation is planning to expand its Orangeburg manufacturing operations in the United States to support growing demand for products in all three of its global business units and the manufacture of a new line of sustainable fire safety solutions.
As part of the expansion, the company will invest $65m, spread across the next five years.
Albemarle chief executive officer Luke Kissam said the company is thankful to the local community leaders for granting Albemarle a license to operate in Orangeburg.
''The dedication of our employees and the support for our operations here made Orangeburg the logical choice for these growth projects," Kissam added.
The expansion, which will take place between 2012 and 2016, will add facilities to manufacture two new products in the company's fine chemistry services business, as well as GreenCrest, the company's latest addition to its earthwise portfolio of eco-friendly fire safety solutions in the polymer solutions business.
The company will also expand its organometallic unit to support the growing polymer catalysts business.
The expansion is subject to final approval from the Orangeburg County Council.
The third and final reading regarding the project is scheduled for 17 December 2012, according to the company.