Resins manufacturer to expand in Chesapeake
A manufacturer of commodity and engineering resins plans to expand its Chesapeake operations with a $3 million investment.
Chemres, which is headquartered in Princeton, N.J., plans to create 16 new jobs in the city, nearly doubling the current employment of the facility.
“The strategic location and proximity to the Port of Virginia allows us to service the entire Eastern seaboard and Mid-West region with highly competitive transportation costs,” Paul Keimig, president of Chemres, said in a statement. “…We have a strategic location, manufacturing, warehousing, logistics, and a strong workforce from the Virginia Job Investment Program and the support from Governor McAuliffe’s office. All of these factors were key in making Chesapeake a real home run.”
Chesapeake competed with Florida for the investment.
Plans are underway to more than double the warehousing capacity and add additional equipment and machinery.
The Virginia Economic Development Partnership will support Chemres’ new job creation through its Virginia Jobs Investment Program (VJIP).