PALM BAY, Fla., June 12, 2019 /PRNewswire/ -- FAR Chemical,
a leader in scaling up and manufacturing multi-step chemical
syntheses and handling highly active materials, announced today
that it will expand its Palm Bay,
Florida facility. FAR specializes in fine and specialty
chemicals such as brominated compounds, organometallics, pyrophoric
materials, and the distribution of trimethylchlorosilane.
Strong demand for the complex specialty chemicals which FAR
produces, which are used in end markets such as pharmaceuticals,
coatings, adhesives, sealants, composites and flavors and
fragrances, is driving the expansion. In addition, FAR is
benefitting from a focus on more secure, domestic supply chains for
these raw materials, and recent investments by new ownership.
In 2018, FAR was acquired by CPS Performance Materials and
merged with its specialty chemicals division, creating a larger
company with broader reach. Capacity at the Palm Bay plant was increased by 40 percent in
late 2018, with the further expansion adding specialized equipment
and the personnel required to support a move to 24/7 operation.
"As we continue to build our Specialty Chemicals business, we
will not only be expanding capacity, but also adding new
capabilities necessary for the increasingly specialized needs of
our customers," said Jeremy Steinfink CEO, of CPS Performance
Materials. "This will include equipment to process higher
volumes of halogenated and organometallic compounds and includes
investments in scale-up equipment and new employees."
Joe Beatty, general manager of
the FAR Chemical facility, added, "Over the next twelve months, we
expect to increase the workforce at Palm
Bay by over 50 percent. We're proud of our 35-year history
of safe, responsible operations and look forward to building on
this legacy."
About FAR Chemical
Founded in 1982, FAR Chemical is an
industry leader in the manufacturing of specialty organic chemicals
for customers in industries including pharmaceuticals, structural
composites, CASE, electronics, flavors, fragrances, personal care,
catalysts, polymers and plastics. The company has deep experience
and expertise in handling challenging chemicals including bromine,
chlorine, reactives, and corrosives. It is a participating
partner in SOCMA and its Responsible Care® initiative. Based in
Palm Bay, Florida, FAR Chemical is
a trusted manufacturing partner for some of the world's most
recognized companies. For more information, visit
www.far-chemical.com.
About CPS Performance Materials
CPS Performance
Materials operates two divisions – FAR Chemicals and Cyalume
Chemical Light. Cyalume is the world leader in chemical
illumination, providing specialized solutions to the military and
commercial markets. The company has manufacturing locations
in West Springfield, MA,
Bound Brook, NJ, Palm Bay Florida and Aix-en-Provence, France. For more information,
visit https://www.cpsperf.com.
Contact
Mike
Freeman
Freeman Communications
(513) 733-1800
216333@email4pr.com
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SOURCE FAR Chemicals, Inc.