Ticona's move from Summit, N.J., will create 150 positions in Florence.
Those positions will be a combination of Ticona employees who choose to relocate, and new hires, Ticona spokesman Paul Reichenbacher said.
Ticona, the technical polymers business of Celanese AG of Frankfurt, Germany, also is cutting 62 jobs from Summit before the move is made. Ticona had employed 200 in Summit. An additional 90 Celanese corporate employees working in Summit will be transferred to other Celanese sites, according to Reichenbacher.
The move is to be complete by the end of 2004.
Ticona has been located in Summit for more than 50 years, but is moving because of cost concerns. The firm has operated a specialty compounding plant in Florence, which is part of the Cincinnati metropolitan area, since 1984 and employs 130 there.
Equipment used to make Vectra-brand liquid-crystal polymer at a pilot plant in Summit will be transferred to a Ticona plant in Shelby, N.C.
Ticona is the third-largest of Celanese's five divisions, with 2002 sales of 757 million euros ($836.3 million). The world's largest acetal maker, Ticona also produces nylon, polyphenylene sulfide, polybutylene terephthalate and other specialty resins.