DECATUR, Ala. (WHNT) – Governor Robert Bentley was in the River City Friday to help celebrate an economic bright spot. The Decatur company Indorama Ventures announced plans to expand. It’s a three-year plan with an investment of millions of dollars and nearly 100 new jobs.
Indorama Ventures first made its mark in Alabama in 2009. The company is the world’s second-largest maker of a chemical used to create water bottles.
“The whole need for health is water. You need sustainable packaging for that,” said Aloke Lohia.
The company’s chief executive officer thinks now is the time to expand the business. Lohia told a room full of company supporters, including Gov. Bentley, it was only natural to increase the company’s presence in Decatur.
“I think the local authorities and our experience with the local workforce played a big part,” added Lohia.
Lohia says the plan is to pump $190 million into the plant on the Tennessee River. The money will help the new facility to create 500,000 tons of resin a year.
“When you see a company expand like they are expanding, it is a compliment to the people of Alabama because so many companies moving out of other parts of the country and world,” said Gov. Bentley.
Lohia says one in three water bottles we see in the United States is made at the Decatur plant.