Synalloy Corporation is pleased to announce that its Specialty Chemicals Group has been selected by a global chemical company to manufacture a product line for the construction market. The product will be produced at Synalloys CRI facility, using existing equipment and personnel. Full production will commence in May and will contribute approximately 4 million pounds of additional volume to the CRI facility for the balance of the year. This represents a 20% increase in previously forecasted volume for this facility in 2018. Volume in subsequent years should approach 6 million pounds annually, contributing $10 million in revenue.
Synalloy Corporation is a growth-oriented company that engages in a number of diverse business activities including the production of stainless steel pipe and tubing, fiberglass and steel storage tanks and specialty chemicals and the master distribution of seamless carbon pipe and tubing.