Hydrite Chemical Company set to make $15.9 million capital investment in Waterloo
posted on Tuesday, April 26, 2016 in Blog
Hydrite Chemical Company set to make $15.9 million capital investment in Waterloo. Hydrite Chemical's proposed project would increase manufacturing capabilities in Waterloo by expanding its product lines in the food, agriculture and sulfur industries. The board awarded the company tax benefits through the High Quality Jobs Program (HQJP). The project is expected to create 11 jobs at a qualifying wage of $16.79 per hour. The proposed project includes land acquisition, site preparation, the construction of a 20,000 s.f. building, and installation of manufacturing machinery and equipment and will have a capital investment of $15.9 million.
The Greater Cedar Valley Alliance & Chamber provided assistance to Hydrite. The Alliance & Chamber identified appropriate resources and tools available through the City of Waterloo and State of Iowa, and monitored the project throughout the process. State and local incentives were integral in Hydrite siting this project at their Waterloo location.
The Alliance & Chamber has provided assistance with previous Hydrite expansions. Since 2012, Hydrite has made more than $15 million in investment at the site.
Hydrite Chemical Company is one of the largest manufacturers and distributors of chemical products in the United States. The company provides expertise in chemical distribution, food and dairy sanitation, food ingredients, organic processing, liquid sulfur salts, water treatment, foam control, and compliance management. The company began its Waterloo operations in 1978 where they currently have 86 full-time employees.