Exxon Mobil

(XOM) - Get Report

said its chemical division will build a new specialty compounded-products plant in Louisiana.

The facility, which is in line with Exxon Mobil's global compounding strategy, will focus on the production of engineered thermoplastic materials used in the automotive and consumer-products sectors.

Construction for the Baton Rouge-based facility is expected to begin in October. The plant should open in the second quarter of 2007, according to a company statement.