Guar Resources, LLC, headquartered in Brownfield, recently announced that it has concluded a financing package which will facilitate the Company’s program to more than double its capacity and become the first and only fully integrated producer of guar powder in the United States.
Alex Muraviyov, General Manager of Guar Resources, told the Brownfield News that the company’s expansion is on schedule and Friday financing announcement will only ensure that the business is here to stay.
“We are extremely happy to conclude this financing package,” Muraviyov said. “This financing provides the company with the financial resources necessary to conduct its operations for the foreseeable future and will enable the company to more than double its processing capacity. Also at the present time, the company is in the final stages of construction of a new plant which will produce high quality guar powder.”
Part of the construct undway is four-feet deep trenches with rebar filled with high grade concrete to form footings for a 10,000 square foot building that will stand more than 80 feet tall. The new expansion will house a one-of-a-kind processor currently being constructed in India.
Muraviyov is in Mumbai viewing the machine in action and approve of its completion. After that, the machine will be dismantled and shipped to Brownfield to be reassembled here. It will be the only machine like it in the United States and one of a very few in the world, the local plant manager said.
Guar Resources expects to have its new powder plant operational in the first quarter of 2016.