MO: Holtec Gas Systems Invests $3 million to Expand in St. Charles
29 Jun, 2020
Holtec Gas Systems, a certified designer and manufacturer of advanced nitrogen generators, has announced an investment of around $3 million to purchase and update a 50,000-square-foot facility to expand in St. Charles. Holtec celebrated 20 years in business in 2019, and moved out of a nearly 7,000-square-foot facility in Chesterfield, MO on June 11, 2020.
“This investment will provide much needed space for growth, improved efficiency and expand our capabilities to manufacture larger nitrogen generators,” said Thorstein Holt, President of Holtec Gas Systems. “This expansion will not only benefit our customers, but it shows our commitment to our employees and will give them a secure workplace for another 20+ years.”
Holtec worked with the Missouri Department of Economic Development’s International Trade and Investment Office to strengthen their international marketing strategy. Their expansion into a new facility will give them greater opportunities to fulfill international orders and requests. Holtec has also worked closely with the department’s regional engagement team, which was able to connect the manufacturer with additional assistance.
“The Missouri business community has been resilient during this pandemic,” Governor Mike Parson said. “Holtec Gas Systems is a great example of the hard-working businesses, which are skillfully navigating the challenges of COVID-19. The Holtec expansion is a good sign that Missouri’s economy is recovering and will come out of this even stronger than before.”
Holtec offers a wide range of standard and custom nitrogen generators based on advanced membrane and Pressure Swing Adsorption (PSA) technologies for both domestic and international markets. They received the Global Growth Award from the World Trade Center – St. Louis in 2014, and the International Growth Award from Missouri Association of Manufacturers in 2015 for having over 40% export rate in the last several years. Holtec dedicates time to research and development in order to provide the most efficient and advanced nitrogen generators available on the market for the food and beverage; oil and gas; pharmaceutical and electronic industries; laser cutting; and more.
Holtec is dedicated to providing customers with the highest quality products and solutions engineered to fit their needs. Throughout their time in business, they have remained focused on their company values by creating energy conscious, affordable, and safe products. Not only are they making a difference for their customers, but they are making a difference in their community by providing job opportunities and community partnerships.
“Advanced manufacturing is alive and well in St. Charles County and we are pleased the City of St. Charles has been selected by Holtec Gas Systems for their expanded production and international export facility,” said Scott J. Drachnik, president and CEO of the Economic Development Center of St. Charles County. “Here’s to the next 20 years of their business success.”
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