Business
2:03 pm
Wed January 30, 2013

Ashland Plant to Retain 500 Jobs in Calvert City

A chemical and technology company plans to retain 500 full-time jobs with a $15 million investment at its Calvert City plant. Ashland Incorporated provides specialty chemicals and technology for consumer and industrial markets internationally. 

The company plans to add three high-efficiency steam generators to the plant, reducing emissions and improving energy efficiency. The new generators replace a coal-fired burner and an aging gas-fired broiler and can support the plant during power outages.

Installation of the generators is set for March with operations beginning by spring 2014. The Kentucky Economic Development Finance Authority approved Ashland for up to $5.5 million in tax incentives for the upgrade.