CHARDON, Ohio (Nov. 3)—Rhein Chemie Corp. will consolidate its U.S. applications development, laboratory and manufacturing operations in Trenton, N.J., at its facility in Chardon with the help of grants and tax credits from the state of Ohio.
"These changes mark a new beginning for Rhein Chemie's business in the U.S., and we are optimistic that the plans announced today will help ensure the future success of the company," said Edward Klavin, Rhein Chemie Corp. president, in a prepared statement.
Consolidating U.S. operations in Chardon will help position the U.S. business "for growth, capitalize on existing business and create greater opportunities for existing Chardon employees," the firm said.
Rhein Chemie, a subsidiary of chemicals company Lanxess Corp., announced the closing of the Trenton operation in August as part of a global restructuring initiative.
Rhein Chemie said Ohio is offering various grants and tax credits over a seven-year period. Rhein Chemie supplies a range of rubber and polymer chemicals.