WALLINGFORD, CONN. (Oct. 31, 11:40 a.m. ET) — BYK USA Inc., a manufacturer of color-measurement instruments and plastic additives, has started work on a new three-story production plant in Wallingford.
The 36 million euro ($47 million) project is the company's largest investment ever outside Germany, the firm said in a news release. The project is scheduled for completion in 2014.
“This investment in Wallingford underlines once again our aspiration to grow on the North American market and to produce as many products as possible locally,” said Roland Peter, president of BYK Additives & Instruments, in a news release.
BYK is part of specialty chemical company Alanta AG of Wesel, Germany.
Wesel-based BYK Additives & Instruments said about 87 percent of its sales are generated outside Germany, with major export markets in Europe, the United States and the Far East.
The company's additives improve product properties such as scratch resistance or surface gloss and optimize manufacturing processes.
BYK instruments quantify the quality of color, gloss and physical properties of paint, plastic and paper products.