W.R. Grace to Expand La. Aluminas Plant
Monday March 3, 5:54 pm ET
W.R. Grace to Expand Lake Charles, La., Facility, Boosting Specialty Aluminas Capacity
COLUMBIA, Md. (AP) -- W. R. Grace & Co. said Monday it will expand a Louisiana facility, boosting the industrial supplier's capacity to produce a raw material used in the company's fluid cracking and hydroprocessing catalysts used in oil refineries.
The company did not disclose the size or cost of the expansion of the Lake Charles, La., facility. Construction is expected to begin early this year, with operations beginning in 2009.
Shares of W.R. Grace fell 91 cents, or 4.3 percent, to $20.32 Monday.
Source: Associated Press
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