Holtec International, an energy technology company will relocate to its new $312 million, 600,000-square-foot manufacturing and technology center and manufacturing complex in Camden, New Jersey.
"Our campus will be ground zero for the renaissance of manufacturing in America,” Dr. Kris Singh, President & CEO said. “Locating to one of the poorest cities in America gives us the unique advantage to train the city’s young and the poor, and thus making a difference in their future, which is often imperiled by the blight and deprivation that surrounds them.”
“All buildings and structures constructed at our technology campus in Camden received temporary certificates of occupancy. Next, the manufacturing plants will be outfitted with the latest in equipment and machinery, some larger than a typical apartment in size,” Singh added.
“ Starting in mid-February, our Marlton staff will begin relocating to the $312 million-dollar sparkling new campus on the Delaware River in South Camden. We are thrilled at the prospect of our designers, analysts, thinkers, innovators, inspectors, and project managers rubbing elbows everyday with our green collar workers in a nurturing technical work environment.” The Holtec CEO said.
“After 10 years of applied research, we now have the manufacturing capability to produce tube bundles for Air Cooled Condensers (ACCs) with stainless steel core tube, the world’s first. Our ACCs replace water as the cooling medium (an increasingly scarce resource) with air to condense power and process plants’ waste steam. Our ACC is an environmentally noble technology which is what Holtec is all about.”
The project, which plans to create 400 jobs, was approved for up to $260 million in incentives from the state Economic Development Authority in 2014.