Hydro Technologies Invests $20 Million to Implement New Technology
Print this Article | Send to Colleague
"Our group has always invested in research and development because we are unstinting in our efforts to develop a unique expertise and continuously improve our products to better serve our clients. Innovation is a core priority. It is why we can count on a highly qualified team that proactively develops revolutionary projects to address our clientele’s increasingly sophisticated needs and always provide them with the lowest possible bleaching costs," said CEO Michel Crête.
Investissement Québec provided the project with financial support in the form of a $1.5 million interest-free loan and a $1 million grant.
"The paper market remains important to us despite the sharp decline in recent years. Increasingly, we are seeing imported Chinese products being replaced by ones that are less costly to use and better-adapted to the growing versatility of our paper producers. Hydro Technologies sees an exciting business opportunity and can boast that it is the only company using this technology. This secures its future and that of its clients while holding environmentally responsible practices in the highest regard. This innovation allows us to reassert our leadership and commitment to the paper industry," Crête concluded.
Hydro Technologies, co-owned by the Belgian group Silox SA and the Canadian company Gestion Infilise Inc, is the largest supplier of sodium hydrosulfite-based bleaching solutions for the Eastern North American paper industry and North America’s only active zinc oxide manufacturer.
