Synthesia Technology Establishes Little Rock, Arkansas, Operations
The location represents the company’s first U.S.-based manufacturing operation for the production of insulated products supporting the construction materials industry, according to state officials. Synthesia plans to break ground in July and begin hiring by the fourth quarter of 2022.
The project has qualified for two performance-based incentive programs through the Arkansas Economic Development Commission—the Tax Back Program and the Advantage Arkansas Program.
“It is a pleasure to welcome Synthesia as they establish their first U.S. facility right here in Arkansas,” Governor Asa Hutchinson said. “With all Arkansas has to offer—our central location, our diverse infrastructure, our robust workforce, and our low cost of living, just to name a few—I am confident that Arkansas has the tools to support Synthesia as they enter U.S. markets and continue their path to success.”
“We are pleased to welcome another great company to Arkansas,” Secretary Mike Preston said. “Our business community continues to expand as more and more companies come to Arkansas and see for themselves that this state is the best place to do business. It’s been a pleasure to assist Synthesia in their search for a site, and I trust that they will find central Arkansas to be the perfect fit for their new facility.”
The Synthesia Technology Group is made up of a Spanish-based holding company specialized in the manufacture and commercialization of chemical products, polyester polyols and polyurethane systems for thermal and acoustic insulation and diverse industrial applications. With more than 50 years of experience, the company represents a benchmark in the residential and industrial insulation markets.
“It is always exciting to welcome a new company to the Port,” said Joe Bailey, chairman of the Little Rock Port Authority. “This is yet another example of how proactive preparation through Entergy’s Select Site program positioned us to move quickly to secure this project. In addition to their physical presence, Synthesia will be a rail user and we look forward to supporting them for years to come.”
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