Grace to Open Manufacturing Facility in Tennessee to Produce Products for Residential and Commercial Construction
Thursday February 23, 4:35 pm ET
COLUMBIA, Md.--(BUSINESS WIRE)--Feb. 23, 2006--W. R. Grace & Co. announced today that it will open a manufacturing facility in Mt. Pleasant, TN that significantly increases the company's capacity to produce roofing, flashing and structural waterproofing products, including Grace Ice & Water Shield® for residential roofing. The facility is expected to cost approximately $20 million and be operational in the third quarter.
"The rise in residential construction and renovation, especially in the South, has created real opportunity for us to expand our presence," said Richard C. Brown, president of Grace Performance Chemicals.
Grace is a leader in the construction products industry, manufacturing a full range of waterproofing products for residential and commercial construction including: Grace Ice & Water Shield and Tri-Flex 30® roofing underlayments, Vycor® window, door and deck flashings, and Bituthene® below grade structural waterproofing systems. These products provide protection against water and moisture infiltration that can cause structural damage, rot and mold.
"Hurricanes and extreme weather have elevated the demand for proven weather barrier products," said Paul Hanlon, vice president and general manager of Grace Residential Building Materials. "The increased capacity at our new manufacturing site will allow us to bring our products to market faster and service growing opportunities in the South and nationwide. The new Tennessee location sits in a strong labor market and has an extensive transportation network to support our growth businesses."
Grace is a leading global supplier of catalysts and other products and services to petroleum refiners; catalysts for the manufacture of plastics; silica-based engineered and specialty materials for a wide-range of industrial applications; specialty chemicals, additives and materials for commercial and residential construction; and can sealants and coatings for food packaging. With annual sales of more than $2.5 billion, Grace has over 6,500 employees in nearly 40 countries. For more information, visit Grace's web site at www.grace.com.
Source: W. R. Grace & Co
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