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Area Development - Site Selection, Facility Planning and Workforce Development

Niacet Specialty Chemicals Expands Niagara Falls, New York, Operations

05/23/2024
Niacet Specialty Chemicals, owned by the Kerry Group, an Ireland-based public food company, plans to expand operations in Niagara Falls, New York. The $50 million project is expected to create 36 jobs.

The facility produces ultra-high purity Anhydrous Hydrogen Chloride (aHCL) that is necessary to create epitaxial semiconductor wafers and is used to etch semiconductor crystals.

“Investing in New York's semiconductor supply chain companies will further the success of our efforts to establish and grow semiconductor manufacturing throughout the state,” said Empire State Development President, CEO and Commissioner Hope Knight. “Niacet Specialty Chemicals is already an industry leader in this space, and the company's decision to expand and create even more jobs in Niagara Falls is a testament to our strategy and progress in establishing New York State as a global hub for chip fabrication.”

Empire State Development (ESD) is providing $3 million in performance-based Excelsior Jobs tax credits to support the project. The company has also applied for funding through the CHIPS and Science Act.

“Niacet has been a Power Authority customer for decades and we are pleased to support its expansion,” New York Power Authority President and CEO Justin E. Driscoll noted. “NYPA strives to be a good neighbor in its host communities with our hydropower stimulating billions of dollars in capital investments and supporting tens of thousands of Western New York jobs, acting as a cornerstone for economic development in the region.”

Niacet is a chemical manufacturer providing food preservation products and a compound used in the semiconductor chip manufacturing process.

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