5 Apr 2005
Scotland Neck, North Carolina, --AirBoss of America Corp. plans to lease a 110,000-sq.-ft. (10 000m2)plant in Scotland Neck to increase the firm's rubber compounding capacity by 100 million pounds (45 000 tonnes) within the next three years.
The company will invest $10 million in the expansion, which will give the Newmarket, Ontario-based firm its first permanent U.S. rubber mixing facility. Employment at the site is expected to reach about 85 during that span.
About $5 million worth of equipment will be installed at the factory during the three-year period and initial production is expected to begin in the first quarter of 2006.
AirBoss set the stage for its move into Scotland Neck when it set up a temporary plant in Waynesville, N.C., in early 2005 to give it an additional 20 million pounds of capacity and a production foothold in the U.S. That facility will continue to operate while equipment is installed at the Scotland Neck factory and the company begins building capacity.
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
Already a subscriber? Log in here
