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

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

Ohio molder Denbro Plastics moves to new location

September 29, 2014 6:17 pm ET

Logo products injection molder Denbro Plastics Co. has moved to another plant within Toledo, Ohio, to streamline production and improve efficiency.    More

Image

Japan's parts makers face challenges as carmakers expand supply base

September 29, 2014 11:01 am ET

For all their size and success, Japanese auto suppliers that rocketed to global dominance on the coattails of their No. 1 customer, Toyota Motor Corp....    More

Image

ATI strikes gold with bowling pinsetter production

September 26, 2014 12:30 pm ET

Heavy-duty equipment used to arrange and re-set bowling pins netted three awards for Associated Thermoforming Inc. in the parts competition at the...    More

Developments in capstocks for appearance, mechanical properties

September 26, 2014 10:40 am ET

Thermoforming Conference attendees learned the latest about capstocks, to improve cosmetics and mechanical properties of sheet.    More

Image

Hylton honored by SPE Thermoforming Division

September 26, 2014 10:36 am ET

Donald Hylton, a thermoforming consultant and university researcher, has received the Lifetime Achievement Award from the Society of Plastics Engineer...    More

Market Reports

Plastics in Mexico - State of the Industry Report

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

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

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

More Events