Wacker Chemical Corporation plans for $60 million expansion in Calvert City, Kentucky

Specifications:

Name:

Wacker Chemical Corporation plans for $60 million expansion in Calvert City, Kentucky

Location:

Calvert City, Kentucky

Company:

Wacker Chemical Corporation

Estimated Cost:

$60 million

Source:

areadevelopment.com

Introduction:

Germany-Based Wacker Chemical Corporation plans to expand its Production capacity in Calvert City, Kentucky with investment of $60 million.

Features:

This expansion includes a new reactor, will boost output in the integrated production system at Calvert City. The additional capacity will allow Wacker to meet increasing demand, especially involving carpet, flooring, paints, coatings and paper and cardboard packaging industries.

http://www.wacker.com/

The Calvert City facility produces polymer binders used in materials such as construction chemicals, paints, carpeting applications, adhesives, lacquers and fiber composites. To encourage the investment and job growth in community, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.65 million through the Kentucky Business Investment program.

This expansion creates 15 new jobs in Calvert City.