US manufacturing capcity increased
Innospec has announced further investment in new production capacity. In March 2021, Innospec completed a capacity addition at its Salisbury, NC site along with new rail car handling facility which enables Innospec to receive raw materials by rail.
These investments serve to lower reliance on trucks, decrease supply chain costs, and reduce carbon footprint.
Due to the strong demand for these mild and sustainability-focused products, in May 2021 Innospec approved a further $10 million capacity expansion that is scheduled to come online between late 2021 and the first quarter of 2022. These projects significantly increase Innospec’s SCI and Iselux® production capabilities and flaking capacity.
The Performance Chemicals business is fast tracking further capacity expansions at its US and European sites including additional taurate production to meet global demand.
Bruce McDonald, President of Innospec Performance Chemicals, said: “These investments combined with the recently announced construction of our US Performance Chemicals global technology centre represent a step change in our ability to support global demand. Customers in all of the Performance Chemicals end-markets that we serve, including key growth markets such as personal care, homecare, agriculture, mining, and construction, will benefit from these investments.”
Patrick S. Williams, President and Chief Executive Officer of Innospec, added: “The US expansion fits right in line with our plan to grow production capacity and R&D capabilities for products which advance our sustainability goals and deliver milder, gentler and more natural formulations to our customers. Performance Chemicals is well-positioned and will continue to invest in organic growth projects.”