Specialty chemical maker Albemarle Corp. announced Wednesday, Nov. 9, that it plans to invest up to $540 million to expand and modernize two bromine facilities in Magnolia.
The company said the expansion would meet growing demand for fire safety and specialty products across multiple sectors, including technology, security, transportation and green energy. The planned investments have started and will continue until 2027.
“We have a long and storied history of operations in Columbia County with a strong commitment to the region’s community and economy,” said Netha Johnson, president of Albemarle at Bromine. “Investments in facilities, and the jobs and economic stability they bring, reaffirm our dedication to the region and to meeting the needs of our customers as we work together to build the technologies of the future for a safer world. and greener.”
The two facility projects are expected to create 250 construction jobs using local businesses and workers, as well as an increase of approximately 15% in the total number of jobs at the two facilities with an average annual salary of 100,000 $.
As Columbia County’s largest corporate employer, Albemarle’s two Magnolia facilities currently employ more than 400 Albemarle employees and 200 contractors.
“I am excited about the investment Albemarle is bringing to southern Arkansas,” Governor Asa Hutchinson said. “They have been a strong business partner in Magnolia for decades, and they also have a history of giving back to the community by working to provide eco-friendly solutions for wildlife in the area and supporting educational opportunities for locals. students. The jobs created through this expansion are good, well-paying jobs that will have a positive impact on the families of these new employees.
Albemarle produces several high-demand bromine and derivative products at the site used in fire safety, chemical synthesis, oil and gas well drilling and completion fluids, mercury control, papermaking, water purification, beef and poultry processing and various other industrial applications.