Monday, December 29, 2008

FM Global to expand research campus, increase workforce

WEST GLOCESTER, R.I.—Factory Mutual Insurance Co., which does business as FM Global, has announced a $38 million expansion of its 1,600-acre research campus in West Glocester, R.I.

FM Global says the enhancements of the facility will ensure that it can keep pace with its clients' loss prevention needs, particularly with the growing impact of globalization and increased supply chain risks.

FM Global said the expansion will see the company increasing its workforce at the research campus by 7% over the current 108.

Research at the current research campus replicates warehouse-size fires, dust explosions and virtually every type of natural disaster, according to FM Global. Research at the site helps FM Global customers better protect their facilities from property risks and related business disruptions.

Construction on the existing research campus began in 2001 and cost $85 million. The expansion will add capabilities for studying the effects of such natural hazards as wind, flood and earthquakes, as well as what FM Global says will be the world's largest fire-testing laboratory. The expanded facility will also include a new 4,500 square foot multimedia center.

The insurer says the improvements will provide higher quality research and testing, enabling it to better serve businesses looking to deal with evolving exposures.

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