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Local News

June 5, 2012

Ground broken on Cytec expansion

GREENVILLE — Local business and government leaders gathered at the Cytec Engineered Materials plant in Greenville Monday afternoon, for a ground breaking ceremony on the company’s planned expansion.

Mayor Steve Reid said the occasion was not only to congratulate Cytec on its success.

“But also to thank you for choosing Greenville,” Reid explained, noting as many as a dozen cities were hoping to be chosen for the work. “You have an outstanding company.”

The proposed project will include a 10,000 square foot building expansion to house a new impregnation line and associated infrastructure requirements. Construction has already begun with commercial production anticipated in 2015. The expansion is expected to add 10 jobs at the facility.

The company provides goods and services to customers including Boeing, Spirit AeroSystems, Bell Helicopter and Gulfstream.

Greenville Board of Development President Larry Green Jr. said the board wished to let the company know how much it was valued among the local community.

“We are just grateful you’ve shown the confidence in Greenville to expand,” Green said.

“It is concrete evidence of our growth and vitality,” Cytec Vice President of Operations David Snyder said of the project, adding that demand is expanding for the composite materials the company provides.

“Really, the opportunities ahead are much more significant and exciting,” Snyder said.

The City of Greenville and Hunt County granted tax abatements to the Cytec for the $8.6 million expansion. The Board of Development also provided the company with an $80,000 grant.

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