Bethlehem, Pa.-based Hydac Technology Corp. will invest $9.6 million and create 54 jobs in Lincoln County for its cooling division’s new manufacturing facility.
Hydac will be the first company to open in the new 235-acre Airlie Business Park off Highway 16 near Denver, according to Gov. Bev Perdue’s office.
The project qualified for a $75,000 grant from the One North Carolina Fund.
Hydac manufactures fluid-power products, such as hydraulic filters, valves, clamps, electronics, cooling systems and heavy-duty mobile and industrial equipment.
The company has approximately 300 employees nationwide and an office in Huntersville.
Hydac is a subsidiary of Germany-based Hydac International, with more than 5,000 employees worldwide.
The Lincoln County facility will manufacture wind turbine aluminum cooling elements and systems. Salaries will vary by job function, but the average annual wage for the new jobs will be $43,220, not including benefits.
Heinrich Kuehne, the company’s vice president of cooling systems, said the company chose Lincoln County in part because of the business climate.