SCHENECTADY, NY – October 5, 2015 – Earlier this year, SI Group successfully completed a +1,000 metric ton expansion at the company's Newport, Tennessee facility. As a leading worldwide supplier of Biphenol, the expansion is the third of a robust multi-year growth plan to expand the company's position in the global marketplace.
Following the success of the 2015 expansion, SI Group plans to add an additional +1,000 metric tons of Biphenol capacity at the company's Tennessee facility, with an estimated completion in late 2016. "The underlying fundamentals for long-term growth of Biphenol into engineering plastics remains strong at approximately 10 percent annually," said Neil Greeff, SI Group Senior Director, Strategic Markets. "Our long-term investment to increase production capacity at our Tennessee facility will promote efficiencies that satisfy our customers' needs and the growing demand for this versatile raw material." SI Group's Tennessee facility is the largest producer of Biphenol in the world.
Furthermore, the company is close to completing site selection for a new plant that will deliver an additional 5,000 to 8,000 metric tons of Biphenol capacity per year, with an estimated completion date of late 2018.
About SI Group
SI Group is a leading global developer and manufacturer of chemical intermediates, specialty resins, and solutions that are critical to the quality and performance of countless industrial and consumer goods. Founded in 1906 and headquartered in Schenectady, New York, SI Group is a family-owned company with over 2,700 employees worldwide. SI Group operates 20 manufacturing facilities on five continents with $1.6 billion in annual sales. SI Group is The Substance Inside. For more information, visit www.siigroup.com.
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