Solenis to Expand in Virginia
Solenis to invest €176 million ($193 million) in City of Suffolk facility expansion. The company will build a new 7430-square-meter (80,000-square-foot) production facility, packaging facility, and tank farm. This new facility will be used to grow the existing polymer product line and add additional capacity of this critical monomer to the existing supplier.
A new rail spur will be added to accommodate production of polyvinylamine (PVAm) polymer products, which are used in paper and cardboard manufacturing.
“This investment is part of our ongoing commitment to provide value for customers while helping them advance their sustainability initiatives,” said John Panichella, CEO, Solenis. “As demand rises for sustainable manufacturing operations, this new facility not only ensures we have capacity to supply the paper packaging market, it will also help us diversify into other applications that can drive additional growth.”
The Virginia Economic Development Partnership worked with the City of Suffolk and the Virginia Department of Rail and Public Transportation to secure the project for Virginia. A €250,000 ($275,000) grant from the Commonwealth’s Opportunity Fund was secured to assist the City of Suffolk with the project.
