"We've launched some new initiatives in some new markets, like electric vehicles, and we need to expand our capacity to be able to support that new market," Lord Corp. President and CEO Ed Auslander told the news outlet.
The company employs 235 works in the Pennsylvania town, according to Erie News Now.
The expansion is slated to wrap up in 2023, per the report.
"This facility is set up from a transportation perspective," said John Essman, the Saegertown plant manager. "We do have land, we do have laboratory requirements."
According to Erie News Now, the plant is responsible for adhesive and coating manufacturing for automobiles.
"Saegertown is our flagship facility for the world," Auslander said.