Colonial Chemical to expand in Marion County, Tennessee, create 44 new jobs
Topics: COLONIAL CHEMICAL TENNESSEE
As part of the expansion, Colonial Chemical will invest $13.8 million and create 44 new jobs in New Hope over the next five years.
Located at 225 Colonial Dr., Colonial Chemical’s expansion will include renovations of its existing 25,000-square-foot warehouse and the addition of a stand-alone employee facility. Colonial Chemical will also construct a new R&D laboratory and tank farm, all of which is expected to be complete by 2025.
Founded in 1988, Colonial Chemical is a specialty chemical manufacturing company and global supplier of surfactants used in personal care products, household cleaners and various industrial applications.
Over the last five years, TNECD has supported nearly 80 economic development projects in Southeast Tennessee, accounting for more than 10,500 job commitments and $3.2 billion in capital investment. ■