Hydac Corp. invests $3.7M to expand Welland, Ont. plant
The project will reduce the company's reliance on its German parent by enabling more in-house machinery production
WELLAND, Ont.—A Germany-based hydraulics and fluidics company is investing approximately $3.7 million to expand its manufacturing plant in southern Ontario.
Hydac Corp., which makes a large range of fluid power equipment for the manufacturing, energy and mining industries, among others, plans to add a number of new capabilities to its Welland, Ont. site, including a service department and a new painting facility.
The expansion project will create 10 new jobs in Welland—in the Niagara region not far from the U.S. border—and let the company reduce imports from Germany by building more machinery in-house.
“By bringing the design, engineering, testing and production functions in-house, we have become the North American hub for Hydac Systems and are able to offer customized and innovative systems solutions for many applications across a wide range of industries,” Craig Goodwin general manager of Hydac Canada, said in a statement.
The company is investing about $3.3 million in the project, while the Ontario government has committed $370,600 to the expansion through the Southwestern Ontario Development Fund.
Hydac expects to complete the work by the end of 2019.