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
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
Midwest becomes hotspot for semiconductor manufacturing and supply industries
Q2 2024