Current facility in Murray
FRANKFORT, Ky. (May 25, 2017) — The Kentucky Economic Development Finance Authority today gave preliminary approval to Vanderbilt Chemicals, LLC for a proposed $13.7 million investment in a new processing plant.
Vanderbilt Chemicals, a division of R.T. Vanderbilt Holding Company, mines, manufactures and resales chemicals. The Murray location has been in operation since 1970. The company is considering a new processing unit for its clay drying operation, which would allow Vanderbilt to double its output.
Vanderbilt would invest $7.7 million on building construction, $5.5 million on equipment and $500,000 on start-up costs.
KEDFA approved Vanderbilt for $100,000 in tax incentives.