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(From Grimsby Evening Telegraph)
INVESTMENT totalling more than GBP1 million and a ten per cent increase in staff is being heralded at a South Bank process plant, following a major international acquisition.
The Stallingborough plant of resin manufacturer Cray Valley is to undergo a major transformation following a GBP495 million deal to buy out part of the operations, with the site to be divided into two separate entities.
It follows owner Total's decision to sell the coatings business to Arkema, a leading French chemical firm, while retaining the composites aspect under what will become a new global CCP brand.
The split will see ten further …