NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE: NGVT) has begun production at its newly
constructed, state-of-the-art activated carbon extrusion plant in
Changshu, China. The addition of this facility allows the company to
better meet the significant growth in global demand for pelletized
carbon products, which are primarily used in gasoline vapor emission
control systems in cars, trucks, motorcycles and boats.
The new $20 million facility currently houses one new extrusion line and
employs approximately 80 people. The company has also relocated its
extrusion line from its Wujiang, China, facility to Changshu, and that
line is expected to begin production by late second quarter of 2019.
Once both lines are operational, the facility will employ about 120
people.
“As our Performance Materials segment continues to experience
unprecedented demand for its activated carbon pellet products for
automotive applications, we continue to invest in our production and
technical capabilities to meet our customers’ requirements,” said
Michael Wilson, Ingevity’s president and CEO at a grand opening held
yesterday at Changshu. “We are pleased that our newest extrusion
facility has been completed on schedule and is producing high quality
material.”
The Changshu facility complements existing activated carbon plants in
Zhuhai, China, Wickliffe, Kentucky, and Covington, Virginia, as well as
the “honeycomb” scrubber plant in Waynesboro, Georgia. In addition, and
as announced
previously, the Covington facility is currently undergoing a series
of upgrades that include the addition of a new pellet extrusion line
that will use the same technology employed at the Changshu facility.
“We pulled forward the installation of an additional extrusion line at
the Changshu facility based on accelerating implementation of automotive
gasoline vapor emissions regulations around the globe,” said Ed
Woodcock, executive vice president and president, Performance Materials.
Ingevity has produced and sold activated carbon for more than a century,
including over 40 years in the automotive market. With over 750 million
units installed globally, the company is the global leader in the
automotive application.
Ingevity: Purify, Protect and Enhance
Ingevity provides
specialty chemicals and high-performance carbon materials and
technologies that purify, protect and enhance the world around us.
Through a team of talented and experienced people, Ingevity develops,
manufactures and brings to market products and processes that help
customers solve complex problems. These products are used in a variety
of demanding applications, including asphalt paving, oil exploration and
production, agrochemicals, adhesives, lubricants, publication inks and
automotive components that reduce gasoline vapor
emissions. Headquartered in North Charleston, South Carolina, Ingevity
operates from 25 locations around the world and employs approximately
1,600 people. The company is traded on the New York Stock Exchange
(NYSE: NGVT). For more information, visit www.ingevity.com.
Contact:
Laura Woodcock
843-746-8197
laura.woodcock@ingevity.com
Investors:
Dan Gallagher
843-740-2126
daniel.gallagher@ingevity.com