KILLEEN, Texas (KWTX) MGC pure Chemicals America, Inc., which produces a super-pure hydrogen peroxide that is used in the semiconductor industry as a cleaning product, will invest $12 million more in its manufacturing facility in the Killeen business park located off of Twin Creek Drive.
The new plant was built on an initial 12.4 acres in Killeen and the Killeen Economic Development Corporation has conveyed an additional 2.8 acres to the company for the second phase of the facility, which will create three to five additional jobs with average salaries of $66,000 a year.
Ground was broken in August 2017 for the first phase of the facility, which represented a capital investment of about $28 million.
The first phase of the facility will begin to process and purify hydrogen peroxide early next year.
The second phase will purify ammonium hydroxide, which is also used in the semiconductor industry.
The company is a subsidiary of Mitsubishi Gas Co. based in Tokyo, Japan.
To lure the company, KEDC offered MGC almost $$2 million in incentives that included the land in the business park.
The city will repay the company as much as $500,000 in infrastructure investments including drainage, parking lots and lighting, and MGC will be paid $8,000 per full-time job created as long as the terms outlined in a performance agreement are followed.
The first phase will create about 30 jobs.
Estimates show that over the next ten years the city would receive $2,234,000, the Killeen Independent School District would receive $3,378,000, and Bell County would receive $1,260,000 in tax revenue.
MGC Pure Chemicals America, which started production in 1996, has sister companies in Taiwan and Singapore, and was currently working on opening a similar American plant in Oregon.