CPS, a subsidiary of Greater Buffalo Press, Dunkirk, N.Y., is taking advantage of the Wasatch Plateau coal fields concentrations of fossil resin for ink.
The company has announced plans to build a plant in Wellington to produce printing ink and adhesives for foreign and domestic markets.Judith Habeggar, CPS's chief financial officer, said, "Although Utah's unique resin resource was critical in the company's decision to come to Carbon County, this project would not have proceeded to the point it is without the professional, energetic reception we received from everyone involved with our visits to Utah."
The company will begin with a single shift of between 10 and 15 employees. Within three years, plans are for three shifts with up to 30 people. Construction of the plant will cost $3 million and it will give the company the capacity to process 24 million pounds of resin annually.
Habeggar said company officials also recognize the potential for expanding the resin extraction facility in a much larger multiproduct complex to include the production of inks, pigments and intermediates. If this becomes a reality, the workforce could expand to 100 people.
Additional long-range plans call for establishing a technical research center and other spin-off projects. Total investment could reach $20 million, she said.
Gov. Norm Bangerter said CPS's announcement of plans to come to Utah represents a "glowing example of the best of economic development in rural Utah. Most important to this effort is a quality company which recognized the untapped potential of a labor force that is second to none and a value-added approach to using one of Utah's natural resources."
Habeggar said the Wasatch Plateau is the only place in the United States, only one of two places in the world, where such concentrations of fossil resin are found.