23 August 2013

Clariant to invest $65 million and create 34 jobs in Kentucky

Frankfort, Ky. – 23 August 2013 – Clariant Corp., a wholly owned subsidiary of Switzerland-based Clariant International, is expanding operations of its Business Unit Catalysts in Louisville, adding 34 jobs and investing more than $65 million to add a new manufacturing facility. The new plant is expected to be operational in 2015.

Clariant currently employs more than 380 people at three facilities in Louisville, where the company produces industrial catalysts used in the chemical and petrochemical industries. The company has signed long-term cooperation agreements with major polypropylene technology licensor Lummus Novolen Technology. The two companies will combine to ramp up research and development efforts to develop improved polypropylene catalyst and donor technologies. 

Clariant has been extremely successful in Louisville and we’re excited to know the workforce in the Commonwealth has played a key role in that success,” said Governor Steve Beshear. 

The strategic partnership with Lummus Novolen is a significant milestone for the catalyst business,” said Hariolf Kottmann, CEO of Clariant. “It strengthens our competitive position in a market with future perspectives and strong growth rates. This cooperation is another example for the successful implementation of Clariant’s strategy, which is focused on innovation, portfolio management and profitable growth.”

To encourage the investment and job growth in Louisville, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $500,000 through the Kentucky Business Investment program. KEDFA also approved Clariant for tax benefits up to $500,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.

The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and new investment in the state. New business investment in Kentucky in 2012 totaled nearly $2.7 billion with the creation of more than 14,000 new jobs

Source: Kentucky Cabinet for Economic Development