TexAmericas Center, which owns and operates the third ranked mixed-use industrial park in the U.S., announced July 29 that COIM USA, a specialty chemical manufacturer and part of the global COIM Group, has acquired a 20-acre site featuring a 25,000-square-foot rail-served facility on the Texarkana, Texas-located campus.
Texarkana is a major east-west and north-south rail hub, with numerous rail lines converging, as well as more than 125 trains passing through the community each day. Union Pacific (UP), Canadian Pacific Kansas City (CPKC), Texas Northeastern (TNER), and TexAmericas Center Rail (TACR) efficiently serve the TexAmericas Center campus, as well as the overall Texarkana market.
The property was acquired from Palmer International and includes “critical logistics and transload infrastructure that will bolster COIM’s manufacturing and distribution capabilities across North America.”
The acquisition, the industrial park says, includes existing logistics and transload infrastructure along with COIM USA launching a new line of renewable polyols, primarily made from Cashew Nutshell Liquid (CNSL), a rapidly renewable, plant-based material. The new product line “complements COIM’s existing Isoexter line of polyester polyols, expanding the company’s sustainable product offerings while delivering enhanced performance for customers.”
“This acquisition represents a significant milestone in COIM USA’s long-term growth strategy,” said COIM USA President Michelangelo Cavallo. “The TexAmericas Center location broadens our geographic reach, expands our sustainable portfolio, and enhances COIM USA’s ability to serve customers with greater speed, efficiency, and resiliency.”
In addition to current operations, COIM USA says it is evaluating a major mid-south expansion, with TexAmericas Center positioned as a contender. The proposed development would add 100 million pounds of new production capacity by the end of 2027.
“By establishing a presence at TexAmericas Center, COIM USA will gain operational cooperation and supply chain redundancy, a critical step in ensuring consistent service and delivery to customers across the U.S.,” the company noted.
COIM USA will be positioned in a region where Texas and Louisiana together produce 80% of the nation’s primary petrochemical supply—TexAmericas Center sits at the heart of one of the most vital chemical production corridors in the country. In fact, according to TexAmericas Center, Texas’ chemical shipments are valued at more than $117 billion, and more than half of all U.S. chemical production is rooted in the state.
This chemical production is the foundation for countless goods, including pharmaceuticals, computers, and other everyday items.
“This investment is not only a win for COIM USA, but also another step forward for TexAmericas Center as a hub for green industries,” said TexAmericas Center Executive Vice President and Chief Economic Development Officer Eric Voyles. “Texarkana has a proud legacy as a manufacturing center, but we’re greener than you might think. Projects like this move us closer to becoming a recognized Eco-Industrial Park.”
The chemical manufacturing sector, the industrial park says, continues to thrive in TexAmericas Center’s 75-mile regional radius:
- “The industry contributed $1 billion in GDP in 2022, six times the national average.
- “Employment is growing at 1.1% annually, compared to the national average of 0.8%.
- “3,080 individuals graduate annually from area postsecondary programs tied to chemical manufacturing.
- “Within 75 miles, 53 chemical and petroleum/coal processing companies employ more than 32,000 people.”
