AGY Holding Corp. will expand capacity of glass-fiber yarns and rovings used in a wide range of thermoplastic compounds.
The project will increase AGY's production capacity for those products by more than 30 percent at its headquarters site in Aiken, S.C. The expansion will create between 40 and 50 new jobs and is expected to be completed by mid-2015.
In a news release, President and CEO Patrick Burns said that the success of new AGY glass-fiber products, along with growth in traditional products and applications, “has led to the addition of capacity, with the goal of staying ahead of market demand.”
In an April 16 email, AGY officials said the expansion project will include new machinery and that it “represents a multi-million dollar investment.”
Outside of new compounding uses, AGY's glass-fiber yarns and reinforcement are used in composites in aerospace, defense, electronics and other markets.