FAR Chemical Expands Manufacturing Complex in Palm Bay, Florida
FAR specializes in fine and specialty chemicals such as brominated compounds, organometallics, pyrophoric materials, and the distribution of trimethylchlorosilane. Strong demand for the complex specialty chemicals which FAR produces, which are used in end markets such as pharmaceuticals, coatings, adhesives, sealants, composites and flavors and fragrances, is driving the expansion.
In addition, FAR said it is benefitting from a focus on more secure, domestic supply chains for these raw materials, and recent investments by new ownership.
In 2018, FAR was acquired by CPS Performance Materials and merged with its specialty chemicals division, creating a larger company with broader reach. Capacity at the Palm Bay plant was increased by 40 percent in late 2018, with the further expansion adding specialized equipment and the personnel required to support a move to 24/7 operation.
"As we continue to build our Specialty Chemicals business, we will not only be expanding capacity, but also adding new capabilities necessary for the increasingly specialized needs of our customers," said Jeremy Steinfink CEO, of CPS Performance Materials. "This will include equipment to process higher volumes of halogenated and organometallic compounds and includes investments in scale-up equipment and new employees."
Joe Beatty, general manager of the FAR Chemical facility, added, "Over the next twelve months, we expect to increase the workforce at Palm Bay by over 50 percent. We're proud of our 35-year history of safe, responsible operations and look forward to building on this legacy."
Trends in Office and Industrial Parks
“Made in America” Executive Order to Affect International Companies and FDI
34th Annual Corporate Survey & the 16th Annual Consultants Survey
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Another Look at Rural Economies
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List