International Firm Invests $60 Million in New Henrico Manufacturing Operation

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Feb 10, 2016, 03:21 ET

HENRICO, Va., Feb. 10, 2016 /PRNewswire/ -- The Henrico Economic Development Authority (EDA) is pleased to announce that Polykon Manufacturing, LLC – a joint venture between international firms Seppic, Inc. and Schülke, Inc. – will invest more than $60 million to establish a new manufacturing operation in Henrico County, Virginia.

Polykon will manufacture ingredients for the cosmetic and pharmaceutical industries at Henrico's White Oak Technology Park. The project is expected to create approximately 50 new jobs for the area.

"Henrico's positive labor environment, Mid-Atlantic location, competitive operating costs and strong local government are qualities that are especially appealing to international firms," said Gary McLaren, Henrico EDA Executive Director. "Those qualities put us in a great position early in this project. White Oak Technology Park's robust infrastructure and the work we did to maximize the site's potential for Polykon made a big difference, too."

The support from the Henrico EDA in helping Seppic and schülke secure the White Oak Site was significant and contributed to the overall success of the project. "The White Oak site recommendation from the Henrico EDA was exactly what we were looking for," commented Lionel Genix, President and CEO of Seppic, Inc. "Additionally, having the Henrico EDA's assistance and support during the regulatory process, alongside being provided with key community introductions, helped the due diligence work of the project go smoothly. We are pleased with the outcome and look forward to our continued work in the region."

"The support of the Governor, the Secretary of Commerce and Trade, and the Henrico EDA has been instrumental in our decision to embark on this new business opportunity in Virginia," added Genix. "Not only is this location in close proximity to most of our U.S. customers – it provides us with a foundation for future strategic growth and expansion."

The project was generated through the Cushman Wakefield Business Incentives Practice and secured for Virginia through the cooperation of the Henrico EDA, the Greater Richmond Partnership, the Virginia Economic Development Partnership and the Governor's office.

About the Henrico EDA
Located in the heart of the Eastern Seaboard, Henrico is an AAA-bonded county adjacent to Virginia's capital city of Richmond. The EDA is your single point of contact for business development and site selection services. Find properties and run reports with our GIS tool, HenricoProperties.com. Visit Henrico.com for the latest news and to sign up to receive our Property Now and Henrico Now newsletters.

About Polykon
Polykon is a joint venture between Seppic, Inc. and Schülke, Inc. – entities of Air Liquide Healthcare. Seppic designs and supplies a wide range of specialty ingredients for the health care and beauty industries. Present in more than 100 countries, it employs over 600 people worldwide. Schülke, Inc. designs and supplies antiseptics and disinfectants for medical environments and preservatives for the personal care industry. The firm employs over 900 people worldwide.

SOURCE Henrico EDA