American Gilsonite Company Completes First Phase Of Expansion In Eastern Utah
04/04/2013
American Gilsonite and its predecessor companies have been mining Gilsonite, a non-hazardous, naturally occurring hydrocarbon resin found only in Eastern Utah since 1888. Gilsonite is used as a performance additive in the oil and gas, inks and paints, foundry and asphalt industries.
The approximate $20 million initiative included capital expenditures directed towards opening new mines, exploring new mine development methods, and continued investments in health and safety.
"We have opened three new mines in the past twelve months, and five more are under active development," said Ted Stevens, President and Chief Executive Officer of American Gilsonite. "As a result we have production capacity to satisfy customer demand, and are well positioned for the future."
"AGC's customers have come to rely on Gilsonite for its unique performance enhancing attributes. American Gilsonite is committed to being a reliable supplier to its customers, and we will continue to invest in mine development as our customers grow their businesses, “ added Stevens.
"We are thrilled by the achievements of the entire Bonanza operations team in successfully completing Phase One of our mine development initiative," said Stuart Green, Senior Vice President and Chief Operating Officer. "We believe our miners are the best in the world, and through their hard work and dedication, we have built a solid foundation to support the tremendous growth potential of our products."
Project Announcements
Fluid Cooling Systems Expands Burton, Michigan, Operations
04/24/2025
Fiserv Plans Overland Park, Kansas, Operations
04/22/2025
Custom Air Handling Solutions Expands Burton, Michigan, Manufacturing Operations
04/22/2025
AgriAmerica Fruit Products Expands Chautauqua County, New York, Operations
04/22/2025
The Hershey Company Expands Dauphin, Pennsylvania, Operations
04/21/2025
Delta Star Expands Lynchburg, Virginia, Manufacturing Operations
04/21/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
The Location Economics of Advanced Nuclear
Q1 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
Designing Beyond the Assembly Line
Q1 2025