View Cart (0 items)

Celanese invests $150 million in Virginia cellulose acetate tow plant

November 01, 2012
/ Print / Reprints /
| Share More
/ Text Size+

GILES COUNTY, Va. — Virginia Gov. Bob McDonnell announced Wednesday that specialty materials company Celanese Corp. is investing $150 million in its Giles County plant.

The company, which manufactures cellulose acetate tow at the plant, will replace its coal-fired boilers with natural gas-fired boilers. The project, in conjunction with other efforts at the site, will enable creation of at least 22 full-time Celanese positions and will require approximately 200 construction workers.

“Celanese is one of the largest employers and offers some of the best-paying jobs in the region,” said McDonnell. “Converting the Giles County facility to natural gas demonstrates that the company is really investing in the future of the operation. This tremendous investment will allow the plant to improve its energy production capability, while positioning Celanese for profitable growth and job creation in the years ahead. The company is essential to the economic vitality of the area, and I am confident that this upgrade guarantees Celanese’s continued viability and success in the New River Valley.”

You must login or register in order to post a comment.