What you need to know about building materials giant Algonquin Building Materials
Algonquins building materials are among the most durable, energy efficient and environmentally friendly building materials.
Algonquin also makes a line of lightweight carbon fiber products for use in automobiles, planes and other vehicles.
The company is currently the leader in building materials for electric vehicles.
Algoquins chief executive officer and president Chris Lassiter said the company has been focusing on building materials since its founding in 1993.
He said the recent investment by the state of Maine, which is the home to Algonoquins main plant in Algonquet, Maine, and the company’s investments in Maine, will give the company an added boost in the years to come.
“It’s a very exciting time for us and a lot of good things are happening for the state,” Lasser said.
The company announced last year that it was opening a plant in Port Augusta, Maine.
It also announced a $25 million investment in a new plant in Kennebunkport, Maine that will create 1,200 jobs and create hundreds of new construction jobs.
The new plant will also employ 1,500 people at the plant in Maine.
The Maine Department of Commerce and Consumer Services (MCDCS) said the state will provide incentives to Algoquens workers and employers.MCDS said it also announced it would offer an additional $1 million in incentives to job seekers.