Expansion
The company's short move from Mogadore, Ohio, will have long-term benefits, as the company increased from about 14,000 square feet to 40,000 square feet.
The investment will allow a large-scale increase in production capacity at the company's Thalheim site, next to its headquarters in Thalbach industrial park.
Among other strategic goals, Kuraray is aiming to build a new liquid rubber plant in the U.S. under its 5-year capital investment program, which totals nearly $3 billion.
Construction of the expansion is scheduled to be complete within 24 months and will add 200,000 metric tons per year of steel cord production.
The new U.S.-based manufacturing plant, also acting as Semperit's North American headquarters, spans close to 151,000 square feet and aligns with the company's commitment to sustainability and customers.
Cariflex is bringing itself closer to its Southeast Asian customers by building anew on a 6.1-hectare site in Singapore—the largest investment and expansion in the company's history.
With double-digit sales growth each year since 2017, Norres' customer base is expanding. To meet this rapid growth, the company has moved into a new 55,000-sq.ft. facility.
Roofing and waterproofing manufacturer GAF, part of the Standard Industries group, will build a fifth polyisocyanurate insulation manufacturing plant, set for Peru, Ill.
The Nebraska company says the investment will support R&D toward "next generation" hydrogen, ammonia and carbon capabilities, as well as other corporate-level expansion projects.
Max Schiatterer GmbH & Co. K.G. is positioning itself for growth in the North American market with the establishment of its first U.S. location in Chesterfield County in Virginia.