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Eastman Chemical Co., a producer of advanced materials and specialty additives, will invest $11.7 million to expand its manufacturing operation in Henry County.
The project is expected to create 15 additional jobs.
The company will add a new equipment line in its performance films business. The expansion will provide additional capacity to meet a growing market for paint protection and window film.
Eastman serves customers in more than 100 countries and had revenues of approximately $9 billion last year.
Gov. Terry McAuliffe approved a $50,000 grant from the Commonwealth’s Opportunity Fund to assist the county with the project. The Virginia Tobacco Region Revitalization Commission approved $110,000 in Tobacco Region Opportunity Funds.
Eastman also is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development.
