Elementis Specialties Inc. will produce specialty rheological additives and dispersants for water-based coatings at Bayer MaterialScience LLC's New Martinsville Industrial Park. Bayer will lease approximately 2.5 acres of land and 48,000 square feet of building space to Elementis for an initial term of 15 years, with Elementis also having expansion and renewal options.
The Elementis operations will result in an as yet undetermined number of new jobs. Construction is scheduled to begin this month, and production is scheduled to start in the fourth quarter of 2012.
"We are pleased to expand our presence in West Virginia," said Greg McClatchy, Elementis Specialties president. "The site has easy access to railroads and major highways as well as excellent infrastructure, a skilled workforce, and a business-friendly climate. We are looking forward to the opportunities this new location presents for Elementis and for our customers in the coatings industry."
"Hosting Elementis reinforces our long-term strategy to add third-party tenants to our site," said Jeffrey Bolton, Bayer general plant manager. "We welcome Elementis into the New Martinsville manufacturing community, and we are especially pleased with the excellent fit of the company into our industrial park."
Bayer MaterialScience LLC is one of the leading producers of polymers and high-performance plastics in North America and is part of the global Bayer MaterialScience business with approximately 14,800 employees at 30 production sites around the world and 2011 sales of 10.8 billion euros. Bayer MaterialScience's 2011 sales in North America were $2.9 billion. The company manufactures high-tech polymer materials and develops innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction, medical, and sports and leisure industries. Sustainability is central to Bayer MaterialScience LLC's business and is based around the key areas of innovation, product stewardship, excellence in corporate management, social responsibility, and respect for the environment.
Elementis Specialties Inc. provides innovative rheology control additives that are used to enhance the performance of customers' products and is part of Elementis plc group. In 2011, Elementis plc had annual sales of more than $760 million and employed approximately 1,200 people worldwide. The company has more than 30 locations, including 16 manufacturing sites, in eight countries. Elementis plc has a premium listing on the UK London Stock Exchange and is a member of the FTSE 250 Index, making it one of the 350 largest companies in the UK by market capitalization, and is also a member of the FTSE4Good Index. Best in class product quality, technical support, and customer service are the critical competencies of Elementis Specialties Inc. and provide the platform to deliver value to the inks, construction, oil field drilling and personal care markets.