Synalloy Corporation Announces Major Specialty Chemicals Project
Synalloy Corporation (Nasdaq: SYNL) announces that its Specialty Chemicals Segment, Manufacturers Chemicals, LLC, has been selected by a global chemical manufacturer to produce a line of defoamer products for applications in the water and paint industries. Production began in late May and will continue to ramp up over the next 60 days. At full production, the new product line has the potential to generate $18 million in annual sales and increase throughput at the Cleveland, Tennessee manufacturing facility by 30% annually.
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