Dow Chemical Co. will spend $8 million and add 15 jobs at an Ohio plant to increase production of specialty plastic films used in solar-energy modules.
The project includes installation of a new film line, which is expected to be up and running by the fourth quarter of 2010, officials with Midland, Mich.-based Dow said in a news release.
The plant which marked its 50th anniversary last year is in Findlay, Ohio, about 50 miles south of Toledo. Polyolefin-based films made at the site will be used in solar-energy modules on rooftops of residential and commercial buildings. They also will be used by utilities companies, officials said.
We are excited that our growth efforts in the solar-energy market are creating new jobs in this community, Findlay site leader Brian Brown said in the release.
Dow is receiving more than $400,000 in state grants and tax credits for the project. Most of that funding is coming from the Ohio Department of Development's Advanced Energy Fund, which connects companies and communities with resources that can support advanced-energy economic development. The 15 jobs created will include 11 new Dow jobs and four contract positions. The site currently employs 63 Dow workers and four contractors.
Dow already has spent $4 million to upgrade the Findlay plant since 2008. Films made at the plant also are used in automotive, construction, food packaging and medical applications.
Dow ranks as one of the world's largest plastics and chemicals firms. Its films business ranks as one of North America's 50 largest, according to a recent Plastics News ranking, with annual sales estimated at $170 million.
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