North Carolina Announces New Manufacturing Company

Hydac Technology Inc will be the first company in the Airlie Business Park

Lincoln County: The North Carolina Department of Commerce and Lincoln Economic Development Association officially announced on Tuesday, December 21, 2010 that Hydac Technology, Inc. has chosen Lincoln County, NC for their new manufacturing facility. Hydac will be the first company to locate in the new 235 acre Airlie Business Park located just off new Hwy 16 in eastern Lincoln County.

Hydac Technology Inc., manufacturers 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. The Lincoln County facility will serve the Hydac Cooling Division, manufacturing standard and wind turbine aluminum cooling elements and complete OEM cooling systems. Hydac is a subsidiary of the German-based Hydac International with over 5,000 employees worldwide.

With an initial $9.6 million investment and 54 jobs to Lincoln County with salaries averaging $43,220, Hydac qualified for a grant in the amount of $75,000 from the One North Carolina Fund.

“We are in some exciting times right now with several announcements across the state; Hydac’s decision to locate in North Carolina and Lincoln County only confirms the strong support and collaboration among the various organizations committed to bringing jobs to the state.” Deputy Secretary of Commerce, Dale Carroll.

“We are really proud and excited that we have found such a warm and inviting community to build our new facility. We intend to be good citizens of the community and look forward to giving back to Lincoln County”. Thomas Cott, Hydac Technology, Inc.

“We are pleased that Hydac has chosen to locate a facility for their Cooling Division in Lincoln County. Their efforts, in conjunction with LEDA, the County and the State have helped us to move forward aggressively on getting our new Airlie Park started at a time when providing new jobs in our County is of critical importance.” Says, George Arena, County Commissioner.

Crystal Gettys, Lincoln Economic Development Association, “It has been a pleasure working with such a strong professional company as Hydac Technology, we look forward to the future growth of this company.

About LEDA

Lincoln Economic Development Association is a private, 501c(3) non-profit corporation charged with facilitating industrial and office development in Lincolnton and Lincoln County. LEDA’s mission is to foster an economic environment that promotes an enhancement of the standard of living by creating more and better jobs for the citizens of Lincolnton and Lincoln County and an increased and diversified tax base to provide needed community services. The organization’s goals include retention and expansion of existing business; attraction of diversified base industries and improvement of the overall business climate within Lincolnton and Lincoln County.