Eastman Chemical Company expanding, investing $11.7 million in Henry County
Expansion will create 15 jobs
HENRY COUNTY, Va. – Eastman Chemical Company will invest $11.7 million to expand its manufacturing operation in Henry County.
The expansion at its existing site in Virginia will create 15 new jobs.
“As a global giant in the advanced manufacturing industry, Eastman’s decision to add capacity and invest in Martinsville-Henry County is a strong testament to our efforts to grow this critical sector and diversify and build the new Virginia economy,” said Governor Terry McAuliffe. “This operation has thrived in the region for decades, thanks to the local workforce, infrastructure, and the Commonwealth’s competitive business climate. We are proud to have this industry leader on Virginia’s corporate roster, and we thank Eastman for its continued investment.”
The global advanced materials and specialty additives company will add a new equipment line within its Performance Films business, which will provide additional capacity in growing the global market for paint protection and window film sold under Eastman’s portfolio of brands.
Eastman has film production sites in other areas of the U.S. and outside the country but decided to invest in its Virginia site because of the favorable business climate.
“Eastman is at the forefront as an employer of choice in Henry County and as a community leader,” said Jim Adams, chairman of the Henry County Board of Supervisors. “We are ecstatic about today’s announcement and Eastman’s future in our community.”
As a globally diverse company, Eastman serves customers in more than 100 countries and had revenues of approximately $9 billion last year.
McAuliffe also announced Tuesday that Martinsville is now a nationally recognized work ready city.
That designation signals to companies considering locating in the area that the area can provide the workforce the company will need.
"The designation is based on Martinsville's success in meeting benchmarks. Specifically, the number and the percentage of the county's population that obtained a National Career Readiness Certificate," said McAuliffe.
He noted that over 4,400 people in southern Virginia had received the certificate as of Tuesday.
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