International Firm Invests $60 Million in New Henrico Operation

The Henrico County 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. The project is expected to create approximately 50 new jobs.

Polykon will manufacture ingredients for the cosmetic and pharmaceutical industries at Henrico‘s White Oak Technology Park. Seppic and schülke are entities of Air Liquide Healthcare.

“Our U.S. expansion project is an exciting opportunity for future growth,” said Lionel Genix, President and CEO of Seppic, Inc. “We explored U.S. locations and selected Virginia and Henrico County among several that were considered. The support of the Governor, the Secretary of Commerce and Trade, and the Henrico Economic Development Authority has been instrumental in our decision to embark on this new business opportunity in Virginia. 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.”

“Henrico’s recent measures to better attract investment positively influenced Polykon Manufacturing’s decision to select Henrico,” said Tyrone E. Nelson, Chairman of the Henrico County Board of Supervisors. “With its new facility in White Oak Technology Park, Polykon will be poised for future growth, joining high-performing companies like QTS and Anord Critical Power.”

“Henrico’s positive labor environment, Mid-Atlantic location, competitive operating costs, and strong local government are qualities that are especially appealing to international firms, and those qualities put us in a great position early in this project,” said Gary McLaren, Henrico County Economic Development Authority Executive Director. “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 EDA's support in helping Seppic and schülke secure the White Oak location was a significant contributor to the overall success of the project. “The White Oak site recommendation from the Henrico EDA was exactly what we were looking for,” explained Genix. “Additionally, having the EDA’s assistance and support during the regulatory process and 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 project was generated through the Cushman Wakefield Business Incentives Practice and secured for Virginia through the cooperation of the Greater Richmond Partnership, the Henrico EDA, the Virginia Economic Development Partnership and the Governor's office.

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.

About Air Liquide
A world leader in gases, technologies and services for industry and health, Air Liquide is present in 80 countries with more than 50,000 employees and serves more than two million customers and patients. Oxygen, nitrogen and hydrogen have been at the core of the company’s activities since its creation in 1902. Air Liquide’s ambition is to be the leader in its industry, delivering long-term performance and acting responsibly.