COIM USA, a leading specialty chemical manufacturer and part of the global COIM Group, is pleased to announce the acquisition of a 20-acre property in New Boston, Texas (Texarkana Region), from Palme International.
The acquisition includes an existing logistics infrastructure, as well as a new, renewable polyol product line, consisting of materials made principally from rapidly-renewable Cashew Nutshell Liquid (CNSL). This product line will complement COIM’s existing Isoexter line ofpolyester polyols, allowing us to better serve the market.
COIM also plans to expand operations at the new site, adding 100 million lbs. of capacity for additional product lines by the middle of 2027.
“This acquisition represents a significant milestone in COIM USA’s long-term growth strategy” said Michelangelo Cavallo, President of COIM USA. He further commented: “The New Boston location broadens our geographic reach, expands our sustainable portfolio, and enhances COIM USA’s ability to serve customers with greater speed, efficiency, and resiliency.”
In summary, the New Boston site will create operational synergies by enhancing COIM USA’s current product portfolio with innovative, sustainable materials. The planned expansion will also deliver geographic efficiencies and operational redundancy, with the goal of ensuring consistent service and supply reliability for customers across North America.
