Hydro Technologies (Canada) Inc., a manufacturer of high-performance bleaching solutions for the pulp and paper industry, has announced a major $20 million investment primarily aimed at ensuring the long-term uninterrupted supply of its products at competitive prices.
The project involves implementing a proprietary, more efficient technology for the company’s Hy Brite® sodium hydrosulfite-based bleaching compounds.
“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," Crête comments.
Established in 1996, Hydro Technologies (Canada) Inc. is co-owned by the Belgian group Silox SA and the Canadian company Gestion Infilise Inc.