Dow Corning will invest more than $60 million in the company’s Carrollton facility. The decision is driven by increasing worldwide demand for Dow Corning’s silicone-based products, which are used in a variety of applications such as construction sealants, personal care products, electronics and automobiles, among others.
The project will expand Dow Corning’s Carrollton site capacity by more than 15 percent. Plans include hiring more than 30 full-time employees in the 2004-07 timeframe. The site, which opened for operation in 1966, currently employs approximately 370 people.
“The investment in Dow Corning’s Carrollton site will help us sustain our mission to meet our customer’s needs exactly,” said Scott Niswonger, site manager at Dow Corning’s Carrollton facility. “We appreciate our strong partnership with the community, as well as with state and local officials. We are proud to be a part of this community, and we look forward to our next 40 years here.”
Dow Corning, based in Midland, Mich., received preliminary approval by the Kentucky Economic Development Finance Authority (KEDFA) for up to $1 million in tax benefits under the Kentucky Industrial Development Act (KIDA), an incentive program designed to increase employment in the commonwealth.
