07/08/2026 | Press release | Distributed by Public on 07/08/2026 13:52
July 08, 2026 - Reading, PA
Governor Josh Shapiro announces the Shapiro Administration has secured a $20.3 million investment from Mitsubishi Chemical Advanced Materials Inc. to expand operations in Berks County. The Commonwealth is investing $500,000 in the project, which will create 42 new jobs within the next three years and retain 441 existing, full-time positions in Pennsylvania.
Mitsubishi Chemical Advanced Materials, a leading global manufacturer of high-performance thermoplastics and composites, is expanding its operations at 2120 Fairmount Avenue in Reading through renovations to its existing site, construction of an adjacent facility, and the installation of new machinery and equipment to support the manufacturing of specialty engineering thermoplastics and composites.
"Mitsubishi's decision to double-down on Pennsylvania and expand their operations here is going to create more opportunity in Berks County - and it's another reminder that we're making real progress on growth and economic development," said Governor Shapiro. "My Administration is committed to investing in our talented, skilled workforce, cutting red tape, eliminating permit backlogs, and creating shovel-ready sites for companies that want to move or expand in Pennsylvania. We are going to continue to make these types of strategic investments in economic growth to support Pennsylvania businesses and workers and keep our Commonwealth moving forward."
Speakers in Order:
Rick Siger - Secretary, PA Dept. of Community & Economic Development (DCED)
Dan Barish, General Manager, Engineered Shapes and Solutions, Mitsubishi Chemical Advanced Materials
Mayor Eddie Moran - City of Reading
Senator Judy Schwank
State Representative Jacklyn Rusnock