Eastman to invest $1.3 billion in Longview expansion facility
LONGVIEW, Texas (KETK) – It was announced on Monday that Eastman Chemical Company plans to invest $1.3 billion in expanding their Longview facility.
According to the City of Longview, they have been named as the location for Eastman’s second U.S. molecular recycling facility, which is expected to add more than 200 full-time jobs.
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City of Longview Mayor Andy Mack said the additional positions will have an average annual salary of $92,000.
“We are excited to announce this next step in our commitment to our circular strategy with the decision to locate our second U.S. molecular recycling facility at our existing site in Texas,” Eastman Board Chair and CEO Mark Costa said. “We have decades of history successfully operating in Longview, and this will be a great investment for the local community.”
In a release, it was said the Longview site was selected due to synergies with existing infrastructure, operations and the location also has enough space for on-site renewable energy.
“This facility will mark the single largest capital investment in the Longview area in LEDCO history,” the city said in a release.
Mack stressed the importance of this opportunity for East Texas.
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“What an incredible opportunity for our area and for the Eastman Plant and for citizens and all of East Texas. It’s not very often that someone comes and spends a billion plus dollars in your community,” said Mack.
He continued by adding that this an unprecedented development.
“It’s once in a lifetime, it’s the biggest event that has ever happened in our community or really in this area. It’s just a huge huge announcement for us today,” said Mack.
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