Hockmeyer Equipment Corporation, a process equipment maker, is expanding its operations in Pasquotank County, North Carolina, Governor Roy Cooper announced today. The US company will invest US$6 million with an expansion in Elizabeth City.
Hockmeyer Equipment Corporation is a developer of mills for particle size reduction for inks and coatings. The company has been providing custom processing technology for the wet grinding, blending and dispersion industry for more than 80 years. The innovator customises solutions for the automotive, paint, ink, food and pharmaceutical industries.
Manufacturing in Elizabeth City since 1984, Hockmeyer will add 35,000 sqft to its existing facility.
“This project is a true investment in future technologies for continued innovation to serve our clients around the world. Although growth presents challenges, we are eager to face them with the support of the local community and the state of NC,” said Herman Hockmeyer, CEO and President. “Our new space will accommodate new equipment required to manufacture our growing product line and the skilled staff we are recruiting. Expanding is an important step in our growth trajectory, allowing us to continue to prosper in our business while we support the community’s prosperity as well.
Hockmeyer will add 35,000 sqft to its existing facility
The North Carolina Department of Commerce and the Economic Development Partnership of NC (EDPNC) were instrumental in supporting the company’s decision to expand in Pasquotank County.
A performance-based grant of $300,000 from the One North Carolina Fund will help facilitate Hockmeyer’s expansion in Pasquotank County. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment.
All One NC grants require a matching grant from local governments and any award is contingent upon that condition being met.
“Our local partnership has much to celebrate,” said NC Representative Howard J Hunter, III. “Adding another 90 jobs to our region is a welcomed addition to our growing economy.”
In addition to North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, North Carolina Community College System, the City of Elizabeth City, Elizabeth City-Pasquotank County Economic Development Commission, Electricities of North Carolina and Pasquotank County.
