Altivia Petrochemicals, a privately owned company producing phenol, acetone and alpha-methylstyrene, will invest $5 million to expand its production facility in Haverhill, Ohio. The project is expected to create 12 jobs in the region.
ALTIVIA is the third-largest merchant supplier of phenol and acetone in the Americas. The company acquired the Haverhill plant in 2015 with support from JobsOhio and OhioSE and was looking to upgrade the facility.
“The JobsOhio, OhioSE and Scioto County Economic Development office staff are clearly committed to creating an advantaged Ohio state through their tireless efforts to promote and support industry,” said Timothy Albert, vice president of manufacturing, ALTIVIA.
According to Jobs Ohio, ALTIVIA’s expansion will be its second at the facility since 2015 and will include several on-site infrastructure improvements. ALTIVIA utilizes three of southern Ohio’s best assets to transport its raw materials and products: the Ohio River, rail and highway access. ALTIVIA believes the Haverhill facility is geographically and strategically located to best meet its key markets and promote business growth.
Ohio is a well-established base for companies moving goods around the globe, with a desirable location that’s a one-day drive from more than 60% of the U.S. and Canadian populations, state officials said. Cities across the U.S. and globe are easily accessible via Ohio’s multimodal transportation infrastructure, recognized as one of the best in the U.S.
JobsOhio and OhioSE offered ALTIVIA a JobsOhio Economic Development Grant for its most recent facility upgrades as an incentive.