West Depford, New Jersey -- The US unit of polyurethane materials producer COIM SpA is investing in a 50-percent expansion of polyester polyol capacity at its site in West Depford, New Jersey, by 2011.
The first phase of the investment, expected to be completed by 2010, will include a rail terminal and 15 new storage tanks, a 7 May company statement said.
Financial details were not disclosed.
"The investment in infrastructures and production capacity expansion is necessary to support the growing demand for COIM's polyester polyols and to complete new projects which will saturate the
actual polyester polyols capacity," said Lucio Siano, vice president of COIM USA Inc., in the statement.
"The rail terminal project will facilitate our supply chain for both raw materials and finished productswhile enabling us to provide a better service to the customers in North America," he added. (RD)