Ingevity’s North Charleston plant to maintain continued operations with announced closure of WestRock’s adjacent North Charleston paper mill
02 Maggio 2023 - 11:35PM
Business Wire
Ingevity Corporation (NYSE:NGVT) announced today that operations
at the company’s North Charleston, South Carolina, plant will
continue as normal with the announced closure of WestRock Company’s
(NYSE:WRK) North Charleston, South Carolina, paper mill. The two
companies will work together to transition limited shared services
ahead of the August 31, 2023, closure of the WestRock facility. The
companies share a common history, but Ingevity has operated as a
stand-alone public company since May of 2016.
“While we anticipate some cost with the transition of shared
services, we expect minimal disruption to our operations,” said
Ingevity president and CEO, John Fortson. “Our primary focus as
WestRock exits their plant site is to ensure safe operations and
continue to meet the needs of our customers.”
WestRock’s plant closure does not impact Ingevity’s recently
announced long-term supply agreement for crude tall oil (CTO) with
WestRock.
Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify, protect
and enhance the world around us. Through a team of talented and
experienced people, we develop, manufacture and bring to market
solutions that help customers solve complex problems and make the
world more sustainable. We operate in three reporting segments:
Performance Chemicals, which includes specialty chemicals and
pavement technologies; Advanced Polymer Technologies, which
includes biodegradable plastics and polyurethane materials; and
Performance Materials, which includes activated carbon. Our
products are used in a variety of demanding applications, including
adhesives, agrochemicals, asphalt paving, bioplastics, coatings,
elastomers, lubricants, pavement markings, publication inks, oil
exploration and production and automotive components that reduce
gasoline vapor emissions. Headquartered in North Charleston, South
Carolina, Ingevity operates from 31 countries around the world and
employs approximately 2,050 people. The company’s common stock is
traded on the New York Stock Exchange (NYSE:NGVT). For more
information visit www.ingevity.com. Follow Ingevity on
LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20230502006235/en/
Contact: Caroline Monahan 843-740-2068
caroline.monahan@ingevity.com
Investors: John E. Nypaver, Jr. 843-740-2002
investors@ingevity.com
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