Manufacturer Aspen Aerogels Inc. canceled plans to construct a $325-million plant in Statesboro, Ga., it told investors Feb. 12. Donald Young, CEO of the Northborough, Mass.-based company, says it will instead focus on “maximizing capacity” at its existing manufacturing plant in Rhode Island.
Aspen had planned to produce thermal barriers for electric vehicle batteries at the 500,000-sq-ft plant on a 90-acre site in southeast Georgia. New York-based Turner Construction Co. was the contractor. A Turner representative did not immediately respond to an emailed inquiry on Presidents Day.
