Gov. Bev Perdue today announced that HYDAC Technology Corp. will locate a new manufacturing facility in Lincoln County. The company plans to create 54 jobs and $9.6 million during the next three years near Denver. The project was made possible in part by a $75,000 grant from the One North Carolina Fund.
“Manufacturers from around the world are drawn to North Carolina by our skilled workforce and top-ranked business climate,” said Gov. Perdue. “My top priority is jobs and these good-paying jobs are a welcome addition for Lincoln County.”
HYDAC Technology Corp. manufactures a wide range of fluid-power products such as hydraulic filters, accumulators, valves, clamps, electronics, cooling systems and compact hydraulic for heavy duty mobile and industrial equipment. Headquartered in Bethlehem, PA, Hydac Technology has approximately 300 employees nationwide, including an office in Huntersville. Hydac Technology is a subsidiary of the German-based Hydac International with over 5,000 employees worldwide. The Lincoln County facility in Airlie Business Park near Denver, will serve the Hydac Cooling Division, manufacturing standard- and wind turbine aluminum cooling elements and complete OEM cooling systems.
Salaries will vary by job function, but the average annual wage for the new jobs will be $43,220 not including benefits. The Lincoln County average annual wage is $29,224.
“HYDAC is excited to be locating our new facility in Lincoln County, North Carolina, and we appreciate all the support and assistance of local and state officials on our project,” said Heinrich Kuehne, Vice-President/General Manager of Cooling Systems for HYDAC Technology. “With its location and business climate, North Carolina is an exceptional place for us to do business.”
The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. These grants also require and are contingent upon local matches.
North Carolina continues to have a top-ranked business climate. Through Gov. Perdue’s JobsNOW initiative, the state works aggressively to create jobs, train and retrain its workforce, and lay the foundation for a strong and sustainable economic future.
Through use of the One NC Fund, more than 45,000 jobs and $8 billion in investment have been created since 2001. Other partners that helped with this project include: the N.C. Department of Commerce, the N.C. Rural Economic Development Center, N.C. Community Colleges, Lincoln County and the Lincoln Economic Development Association.
For more information about HYDAC, including job opportunities, go to www.hydacusa.com