News release from the Albany-Dougherty
Economic Development Commission
Albany, Ga. - Albany-based Equinox Chemicals, a custom chemical research company, announced today plans to expand its facility and operations here as well as the addition of new skilled jobs.
Equinox, founded in 2003 by Mark Grimaldi, specializes in the preparation and design of organic molecules and offers a wide range of synthetic services servicing government, R&D, pharmaceutical, food, flavor, fragrance, industrial coatings, polymers, semiconductor, alternative fuels and specialty chemical sectors.
"This expansion has huge implications for Equinox," said Grimaldi. "This significantly increases our capacity to manufacture products and better reach the global market."
Equinox's plans include the purchase of neighboring land, the expansion of its infrastructure and a growth of its work force. The expansion is about a $5 million investment in Albany-Dougherty County and adds up to 40 high-paying jobs by the end of 2010.
By the first quarter of next year, about 15 new jobs will be added. Equinox, which has 33 employees, will add more administrative support, Ph.D. chemists, engineers and sales and marketing professionals.
"Every day people and businesses in this community are not just succeeding but thriving, and Equinox is a great example of what happens when you take advantage of the resources available here and of the competitive environment," said Ted Clem, president of the Albany-Dougherty Economic Development Commission.
Indeed, the low cost of doing business is one of the primary reasons Grimaldi chose to build his company in Albany-Dougherty County.
"If you look at what it costs to run a business outside of Albany, it just doesn't make sense to run a business elsewhere," Grimaldi said. "And, we have just as capable a work force here, if not better."
Earlier this year Equinox was named the Albany-Dougherty Economic Development Commission's Small Industry of the Year.