Composite maker Hanwha Azdel expanding in Virginia

By Rhoda Miel
News Editor

Published: January 17, 2014 10:22 am ET
Updated: January 17, 2014 11:24 am ET

Related to this story

Topics Automotive Thermoforming Composites
Companies & Associations

Hanwha Azdel Inc. is investing $21.3 million to add another production line at its Lynchburg, Va., plant.

The company will also add 33 jobs, Virginia officials said in a Jan. 16 news release.

Hanwha Azdel, part of South Korea’s Hanwha Group, makes thermoplastic composites, typically through thermoforming. Its parts are used in interior and exterior parts for the auto, heavy truck, recreational vehicle and other industries.

The company has seen “significant growth” in the Virginia region, which prompted the expansion in Lynchburg, said Justin Keum, CEO of Hanwha Azdel. Lynchburg is also home to the firm’s North American headquarters.

State and local officials are providing a $350,000 grant to help with the project. The state will also provide assistance in recruiting and training new employees.


Comments

Composite maker Hanwha Azdel expanding in Virginia

By Rhoda Miel
News Editor

Published: January 17, 2014 10:22 am ET
Updated: January 17, 2014 11:24 am ET

Post Your Comments


Back to story


More stories

Image

Improvements to Radici's nylon line takes it into more applications

March 27, 2015 9:00 am ET

Radici Group, the Italian-headquartered materials firm, outlined the benefits of its Radilon and Radistrong nylon products at NPE 2015.    More

Image

DuPont exec: Still lots of lightweighting needed in the auto industry

March 23, 2015 6:00 am ET

In that role, Jeffrey Sternberg is responsible for bringing the breadth of DuPont advanced materials — as well as renewably sourced materials...    More

Image

How Faurecia made over a relic

March 23, 2015 6:00 am ET

Everything about Faurecia SA's interior trim plant in Saline, Mich., is big.    More

Image

Magna investing $135 million for new exteriors plant in Mexico

March 18, 2015 5:04 pm ET

Magna International Inc has started construction of a $135 million automotive exteriors manufacturing facility in Querétaro, in central Mexico.    More

Image

Auto supplier Visteon seeking new CEO

March 17, 2015 10:04 am ET

Visteon Corp. said Monday CEO Tim Leuliette will step down by the end of the year.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events