Hydro, a global supplier of extruded aluminum serving the construction, transportation, infrastructure, and energy industries, plans to expand its manufacturing facility in Schuylkill County.
The company will invest more than $100 million to expand its current Cressona facility. The investment is expected to create 60 jobs over the next three years.
The expansion project includes the construction of a 96,000-sq.-ft. facility on the property adjacent to its existing facility. The addition will provide new manufacturing capabilities essential to compete in the automotive market, according to the company.
In addition, Hydro plans to make infrastructure improvements to the existing facility, as well as purchase and modernize equipment to increase overall reliability and efficiency.
The company received a funding proposal from the Department of Community and Economic Development for a $950,000 Pennsylvania First Grant, $120,000 in Job Creation Tax Credits to be distributed upon the creation of new jobs, and $40,000 in WEDnetPA funding to support incumbent worker training.
Hydro may also be eligible to receive assistance through the Manufacturing Tax Credit Program, the Research and Development Tax Credit, and the Qualified Manufacturing Innovation and Reinvestment Deduction.
A groundbreaking event will take place on Oct. 2 at the Cressona facility.