Mitsubishi Chemical Advanced Materials to Invest $20.3 Million in Reading, Pennsylvania Expansion

Pennsylvania Governor Josh Shapiro announced on July 8 a $20.3 million investment from Mitsubishi Chemical Advanced Materials to expand operations in the City of Reading, Berks County.

New adjacent facility

The company is expanding its operations at 2120 Fairmount Avenue through renovations to its existing site, construction of an adjacent facility and installation of new machinery and equipment to manufacture specialty engineering thermoplastics and composites.

42 new jobs

The project will create 42 new jobs within three years and retain 441 existing full-time positions in Pennsylvania. The Commonwealth offered a $500,000 Pennsylvania First grant.

Center of Excellence

Mitsubishi Chemical Advanced Materials is a subsidiary of Tokyo-based Mitsubishi Chemical Group. The expansion will establish a Center of Excellence for the extrusion of general and advanced engineering plastics.

Daniel Barish, President of Mitsubishi Chemical Advanced Materials Inc., Americas said:

“This investment reflects Mitsubishi Chemical’s long-term commitment to Pennsylvania and expanding advanced manufacturing in the region. By establishing a Center of Excellence for the extrusion of general and advanced engineering plastics, we are strengthening our innovation capabilities while creating high-quality jobs and new opportunities for local communities.”