Germany-based BYK USA Inc. Expands Its Wallingford, Connecticut, Manufacturing Facility
09/30/2013
The firm, which researches, develops, and produces additives primarily for the paint, ink, and plastics industries, plans to construct a 55,000-square-foot, state-of-the-art manufacturing facility, a new applications laboratory, and install new machinery and equipment. The expansion will allow the company to hire an additional 37 employees.
“Last year when BYK decided to embark on this $53 million expansion of its Wallingford facility, a move that will increase the company’s manufacturing capacity by about 300 percent, it represented the single largest investment outside of the company’s home of Germany,” said Gov. Dannel P. Malloy. “I’m pleased the company sees that its long-term growth lies here in Connecticut and I’m proud to announce our support for this innovative company and its remarkable project.”
“Wallingford and the entire state of Connecticut, as well, are celebrating the news of this project,” said Catherine Smith, Commissioner of DECD. “This is a company with facilities all over the world, including Europe, South America, Asia and the Middle East. It has been courted by other states all across the country. Yet they see a growing market here. BYK knows Connecticut can deliver a talented and educated workforce, and has the support mechanisms in place that will help the company navigate the many challenges in the global economy.”
To assist the firm with its expansion plans the Department of Economic and Community Development will provide a 10-year, $6 million loan at two percent interest for machinery and equipment. By retaining its current 97 employees and creating the 37 positions, BYK will be eligible for up to $4 million in loan forgiveness. The State Bond Commission approves state loan funding.
Project Announcements
GE Appliances Expands Jefferson County, Kentucky, Operations
06/30/2025
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024