Singapore-based nanotechnology company ShayoNano has begun production at its first U.S.-based facility.
The company, which manufactures high tech paint additives based on patented nano technology, announced it began production in Fort Bend County in Texas at the end of July.
It boasts that it drastically reduces its carbon footprint and improves the economy of paint, according to a news release.
After a nationwide search for a U.S. base, the company built a laboratory in Stafford in 2016, then built its production facility onsite, a mySanAntonio.com report said.
Custom engineered equipment began arriving in May and the operations began at the end of July, producing 300 tons of nano-infused paint per year, the report said.
Despite that, Manesh Patel, chief executive at ShayoNano, said the facility is merely a test site.
“We expect to build a larger facility that will be 100 to 200 times larger," he said in a statement. "The potential market for our products is in excess of $2 billion."
Patti Worfe, economic development director for the city of Stafford, said she has begun working with ShayoNano on site opportunities for expansion in the area, the report said.