Working with Delaware Prosperity Partnership, Solenis announced its plans to increase capacity and jobs in Delaware today at the meeting of the Council on Development Finance.
The plan presented by Solenis Senior Vice President and Chief Financial Officer, Philip M. Patterson, Jr. includes capital improvements; adding 92 new jobs over three years as well as retaining 323 current jobs in Delaware. The requests for performance-based grants includes capital expenditures in the amount of $763,050; a $1,980,000 grant for the retention of 323 jobs and a performance grant in the amount of $1,170,000 to create 92 new jobs within three-years.
“Solenis, a global leader in specialty chemicals, plays an important role in Delaware’s economy and our rich history of innovation,” said Governor John Carney. “Choosing Delaware for their next phase of growth and development benefits our economy, our communities and underscores Delaware’s prominence in the specialty chemical sector. And this confirms again that Delaware remains a great place for companies of any size to put down roots, grow, and create jobs.”
Solenis, a $1.9 billion company headquartered in New Castle County, employs 3,700 professionals in 118 countries spanning five continents. A spin-off of Ashland, Solenis is considered a leader in the specialty chemicals manufacturing sector and traces its roots back 98 years in Delaware. This past spring, Solenis and BASF announced plans to join forces by combining their paper and water chemicals businesses.
Phil Patterson, Solenis’ Chief Financial Officer explained the performance-based grants will support Solenis’s next growth phase. “Solenis is in a growth mode and we are working to retain, recruit and add employees to enhance our value proposition and better serve our customers. Our roots are here in Delaware and we are excited about continuing to grow here.”
“We win the future when entrepreneurs choose to build their businesses in New Castle County and when existing employers like Solenis make new commitments to grow right here. Their success is powered by the talent and skills of our exceptional Delaware workforce,” said New Castle County Executive, Matt Meyer.