HF Technologies, a manufacturer of components used primarily in business machines, is investing more than $1 million to close its Beijing, China, manufacturing operation and relocate that work into expanded facilities in the City of Rochester. The project is expected to create 76 new jobs over the next five years.
“I am very excited to announce that we are growing here in Rochester, New York,” said HF Technologies President David Fletcher. “We had several alternatives for this investment including finding another joint venture partner in China. But, based upon the tremendous work force we have here and the incentives provided by New York State, Monroe County and the City of Rochester, the decision to expand in Rochester was easy.”
HF Technologies is a manufacturer of Teflon and silicone coated rollers and other components used predominantly in copiers and printers. The company sells to customers such as Xerox, Danka, Nexpress, Parts Now, Lexmark and Compusar. HF Technologies recently dissolved a joint venture in China and is relocating that work into its facilities at 832 and 920 Emerson Street.
As part of the project, the company will purchase $612,000 in new equipment and incur $775,000 in relocation, training and renovation expenses.
Other partners that made this project possible include the Canandaigua National Bank, which is assisting with term loan financing. The Genesee/Finger Lakes Regional Planning Council is contributing a low-interest loan. RochesterWorks, Inc. will also be providing training funds for work force development.
In consideration of HF Technologies commitment to growing its business locally, the City of Rochester is providing a $30,000 grant for building renovation expenses and a $200,000 low-interest equipment loan. Monroe County is offering assistance through the GreatRate program for the purchase of equipment.
In addition, HF Technologies is eligible to apply to Empire State Development for a grant of up to $125,000 to be used toward its relocation expenses. The company is also eligible for New York State Empire Zone benefits as a “Regionally Significant Manufacturing Project.”
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