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- NEW PRODUCTS
CARBO Ceramics Inc. recently announced that its board of directors has approved the construction of a fourth production line at the company’s Toomsboro, Ga., proppant manufacturing facility.
“CARBO is the world leader in providing high-conductivity ceramic proppant to the oil and gas industry, and we remain steadfast in our commitment to grow our manufacturing capacity in order to support and improve the investments of our clients,” said Gary Kolstad, president and CEO. “The newly approved production line is designed to increase our capacity by an additional 250 million pounds per year. When combined with the incremental capacity of Toomsboro line three (anticipated completion before the end of the year 2010), our global capacity should increase nearly 40% from our current level, to approximately 1.75 billion pounds annually. We anticipate completion of this fourth line before the end of 2011, at an estimated cost of $62 million.”
The company’s website is located at www.carboceramics.com.