Akzo Nobel to invest $4.4 million in the region
Akzo Nobel Surface Chemistry is investing $4.4 million in new machinery and equipment at two operations in the Lower Hudson Valley.
The chemical company, which had previously considered moving out of state before opting to remain in New York, expects to preserve 85 existing jobs as a result of the investment, according to the Empire State Development Corp.
Akzo Nobel has received a $292,300 state grant to offset the investment costs at the two facilities, a 66,000-square foot research and development facility in Brewster and 16,609 square feet in administrative offices in Tarrytown, according to Empire.
Akzo Nobel, based in the Netherlands, is a Global Fortune 500 company and a major manufacturer of surfactants, chemicals used in soaps and detergents that allow for stable mixtures of oil and water.