NAT receives grant for U.S. facility
October 29, 2012
October 29, 2012, Victoria, BC – Naturally Advanced Technologies Inc., was recently granted $263,500 in incentives from Florence County, SC to be used for its manufacturing and production in the region.
NAT, which produces and markets CRAiLAR Flax Fiber, is opening a facility in the 143,500 square foot former Delta Mills Cypress plant on Old River Road in Pamplico, South Carolina. Commissioning of the assembled equipment will commence December 17. An initial USD $8 million investment creating 25 jobs is part of the Company's plans there. Flax, grown as a winter crop in Florence and surrounding counties, will be processed out of the new facility beginning December 28, 2012.
"We are thrilled about our progress in Florence County and look forward to having a fully operating facility there this December," said Ken Barker, CEO of NAT. "The region has been exemplary to deal with from state to county and we are thankful to Florence for honoring its commitment to developing the business in South Carolina."
Naturally Advanced Technologies Inc., through its wholly owned subsidiary, CRAiLAR Fiber Technologies Inc., has developed proprietary technologies for production of bast fibers, cellulose pulp, and their resulting by-products in collaboration with Canada's National Research Council. Its renewable and environmentally sustainable biomass resources from flax, hemp and other bast fibers offer cost-effective and environmentally sustainable processing and production, along with increased performance characteristics for use in textile, industrial, energy, medical and composite material applications.
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