West Virginia Executive Spring 2018 | Page 73

The operation will employ around 60 people in highly skilled manufacturing jobs this year and up to 131 by 2019. Addivant Multimillion-Dollar Expansion Near the end of July 2017, Addivant celebrated the com- pletion of a multimillion-dollar expansion of its manufactur- ing facility in Morgantown, WV. Addivant is a leading global supplier of antioxidants, intermediates and inhibitors; poly- mer modifiers; and UV stabilizer solutions. This expansion allowed the company to triple the production of the liquid phosphite antioxidant WESTON 705. Addivant’s leadership team decided this expansion should take place at its Morgan- town facility because of the already existing partnership with state and local officials and the very technical workforce that had already been developed on-site. That expansion added 15 new jobs to the company’s existing workforce. ROCKWOOL New $150 Million Manufacturing Facility In July 2017, ROCKWOOL announced plans to build a $150 million, 463,000-square-foot manufacturing facility on an estimated 130 acres on the Jefferson Orchards site in Jef- ferson County. ROCKWOOL is the world’s largest producer of stone wool products. The West Virginia facility will be the second facility ROCKWOOL has opened in the U.S. The Jef- ferson County plant will produce stone wool insulation for building insulation and customized solutions for industrial applications, acoustic ceilings and other applications. ROCK- WOOL chose the West Virginia location due to its access to market and logistics, being located conveniently off I-81. An official groundbreaking ceremony took place in October, and construction is expected to be completed by early 2020. Upon completion, the plant will create up to 150 jobs with positions ranging from management to the production line. US Methanol New $85 Million Methanol Production Facility September 2017 brought more big wins for economic devel- opment expansion in the Mountain State. US Methanol broke ground for its new $85 million methanol production facility in Institute in Kanawha County. The company is in the pro- cess of disassembling its existing plant in Brazil and will reas- semble it in West Virginia. The Liberty One plant will convert natural gas into methanol. US Methanol found the Institute site appealing because of nearby access to barge shipping lanes and rail and truck transportation. The site is near prospec- tive customers such as manufacturers The Chemours Com- pany and Dow Chemical Company. Liberty One is expected to start production this summer and produce approximately Howard Seufer, Jr., on being named to the Sharp Shooters Class of 2018. We are proud of you! WWW.WVEXECUTIVE.COM SPRING 2018 71