Formosa Plastics Corp., Livingston, N.J., unveiled plans to invest $332 million in its Baton Rouge, La., facility to boost production of polyvinyl chloride resin (PVC). The investment also goes toward adding production equipment in two other parts of the facility.

The company estimates that 15 new jobs will accompany the expansion.

The expansion will allow for the production of nearly 300 million more pounds of resin annually, which is about a 20% increase. The new equipment and production areas are expected to be ready by late 2021.