By: Catherine Kavanaugh
October 1, 2013
Eastman Chemical Co. will invest $40 million in its Henry County, Va., plant, which makes window and performance-coated films.
The plant, which currently employs 500, will add 25 more jobs.
Mark Costa, president of the Kingston, Tenn.-based Eastman, gave an overview of changes coming in the next three years to the plant, which opened more than 50 years ago. Eastman acquired the facility in 2012.
“Eastman’s investment in Henry County will target specific initiatives and include infrastructure and technology upgrades, warehousing improvements, environmental, safety and reliability enhancements and production capacity expansions to support growth,” Costa said in a statement.
The plant makes window films for automotive and architectural markets.
Virginia Gov. Bob McDonnell said in a news release that Eastman’s investment will “support the development of innovative, energy-saving product applications.”
Eastman received several financial incentives to expand in Henry County, including $230,000 from the Virginia Tobacco Indemnification and Community Revitalization Commission and a $75,000 grant from the Governor’s Opportunity Fund. The company also is eligible for state benefits from Virginia Enterprise Zone Program.