CHICAGO—Americhem Inc. (Booth E9409), a maker of color concentrates and specialty dispersions for thermoplastics, will build an 80,000-square-foot facility on a 13-acre site in Cuyahoga Falls, Ohio, to serve the automotive industry and other regional markets. Production is to begin in November, Richard Juve, president and chief executive officer of the Cuyahoga Falls-based company, said in an interview at NPE.
The firm currently operates six plants in the United States and one in Manchester, England. Total employment is 500-600, according to Juve.
Americhem will invest $14 million in the project. The firm received a 100 percent real estate tax abatement for 15 years from the city and county, a 65 percent personal property tax abatement for 10 years, and training incentives.
``We have a growing automotive business,'' said Juve, who noted that the company received the QS-9000 automotive industry quality standard registration in March. He said privately held Americhem has registered 11 straight years of record sales, which now exceed $100 million. In 10 of those years, the firm reported record earnings, he said.
Frank Fire, senior vice president-marketing and international, said Americhem anticipates expanding globally.
``We're now looking at sales in the Far East,'' he said, naming South Korea, Taiwan and India as areas of interest.