The revitalising of the plant will end by 2018, and it is expected to produce several thousand metric tons of polyester annually.
The facility, employing more than 800 people currently, is also expected to generate new jobs.
“As the solutions partner for coatings, adhesives and packaging industry, we will reinvest in the United States to become a local, reliable supplier fully committed to our customers' needs and growth,” Andreas Kripzak, vice president - coating and adhesives resins Americas at Evonik commented.
The company currently has production facilities in Germany and China.
It is one of the world's leading suppliers of polyesters for pre-coated metals and reactive hot melts. (MCJ)
Fibre2Fashion News Desk - India