Governor Josh Shapiro announced the Shapiro Administration has secured a $20.3 million investment from Mitsubishi Chemical Advanced Materials Inc. to expand operations in Berks County. The Commonwealth is investing $500,000 in the project, which will create 42 new jobs within the next three years and retain 441 existing, full-time positions in Pennsylvania.
Mitsubishi Chemical Advanced Materials, a leading global manufacturer of highperformance thermoplastics and composites, is expanding its operations at 2120 Fairmount Avenue in Reading through renovations to its existing site, construction of an adjacent facility, and the installation of new machinery and equipment to support the manufacturing of specialty engineering thermoplastics and composites.
“Mitsubishi’s decision to double-down on Pennsylvania and expand their operations here is going to create more opportunity in Berks County – and it’s another reminder that we’re making real progress on growth and economic development,” said Governor Shapiro. “My Administration is committed to investing in our talented, skilled workforce, cutting red tape, eliminating permit backlogs, and creating shovel-ready sites for companies that want to move or expand in Pennsylvania. We are going to continue to make these types of strategic investments in economic growth to support Pennsylvania businesses and workers and keep our Commonwealth moving forward.”
Coordinated by the Governor’s BusinessPA team, Mitsubishi Chemical received a funding proposal from the Pennsylvania Department of Community and Economic Development (DCED) for a $500,000 Pennsylvania First grant.
DCED Secretary Rick Siger visited the Reading facility today, to help celebrate the company’s expansion.
“Pennsylvania is securing major manufacturing investments because the Shapiro Administration makes it easier for companies to succeed here,” said Secretary Siger. “Mitsubishi Chemical Advanced Material’s expansion in the City of Reading is creating new job opportunities, strengthening Pennsylvania’s manufacturing sector, and reinforcing the Commonwealth’s reputation as a great place to do business.”
Mitsubishi Chemical Advanced Materials, a subsidiary of Tokyo, Japan-based Mitsubishi Chemical Group, manufactures high-performance thermoplastics and composites for a wide range of applications and industries. The company specializes in the production, processing, and application of engineering plastics and innovative composite materials.
“This investment reflects Mitsubishi Chemical’s long-term commitment to Pennsylvania and expanding advanced manufacturing in the region,” said Daniel Barish, President of Mitsubishi Chemicals Advanced Materials Inc., Americas. “By establishing a Center of Excellence for the extrusion of general and advanced engineering plastics, we are strengthening our innovation capabilities while creating high-quality jobs and new opportunities for local communities. We appreciate the partnership with the Commonwealth and look forward to contributing to sustained economic growth across the region.”
“Mitsubishi Chemical’s continued investment in Reading sends a strong statement about confidence in our city, our workforce, and our future,” said Mayor Eddie Morán. “The creation of 42 new jobs and retention of hundreds more strengthens our local economy and reinforces Reading as a place where industries can continue to grow and succeed. We are proud of Mitsubishi Chemical’s commitment to expanding its presence here and grateful for their partnership in building opportunities for our community.”
“Mitsubishi Chemical Advanced Materials’ expansion reflects its ongoing commitment to the City of Reading and Berks County and reinforces the strength of our manufacturing sector and workforce,” said Aaron Gantz, Vice-President of Economic Development and Strategy, Greater Reading Chamber Alliance. “Investments like this position Greater Reading as a destination for manufacturing growth and success. We value the Commonwealth’s partnership in supporting projects that create opportunity and are proud to collaborate with companies investing in our region’s economic future.”
“Mitsubishi Chemical’s decision to expand its operations in Reading is a strong vote of confidence in our community and its workforce. This continued commitment to our area shows the value they see in our people and our local economy,” said Senator Judy Schwank, PA’s 11th Senatorial District. “At the state level, we remain focused on creating an environment that supports business growth and encourages companies to invest and thrive here in Pennsylvania.”
“Mitsubishi Chemical’s continued investment in Reading is a tremendous vote of confidence in our community, our workforce, and Berks County’s future,” said Representative Jacklyn Rusnock, PA’s 126th House District. “This expansion will help strengthen our local economy, create new opportunities, and reinforce Pennsylvania’s reputation as a great place to grow innovative manufacturing.”
Governor Shapiro’s Economic Development Strategy is a targeted plan designed to help Pennsylvania win and become a national leader in economic development, innovation, and job creation. Manufacturing is one of the key industries outlined in the strategy that will help Pennsylvania build on its competitive advantages and create real opportunity for Pennsylvanians.
