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Ecolab CFO sees value in growing hygiene focus
Dan Schmechel, finance leader of the US water treatment and cleaning giant, discusses how coronavirus has forced a global rethink on sanitation by Lawrie Holmes - February 1, 2021
Demand for a clean and safe environment will remain long after the coronavirus pandemic has been checked by the global vaccine rollout, predicts Ecolab CFO Dan Schmechel.
He says along with the long-term move to greater sustainability, the need for products and services focused on hygiene and infection prevention, will be a feature of society for years to come.
That opinion is borne out by the forward data Schmechel and his finance team have been developing about customer appetite for its range of environmentally-focused commercial products. “The demand for our infection prevention and hygiene products and services has significantly increased as a result of the pandemic,” he says.
by: Wes Mills, Inside INdiana Business
Posted:
Jan 12, 2021 / 12:34 PM EST
(INSIDE INDIANA BUSINESS) – Minnesota-based Ecolab Inc. (NYSE: ECL) says it will invest $9 million at its plant in Huntington to expand operations and create 24 new jobs.
The company, which specializes in water, hygiene and infection prevention solutions and services, says it will expand both its manufacturing and distribution facilities in the city.
Ecolab manufactures hand soaps and sanitizers at its Indiana location that are used in health care facilities, supermarkets and restaurants.
The company currently employs 100 Hoosiers in Huntington and will adding staff for production, R&D, and distribution.
The Indiana Economic Development Corp. offered the company $160,000 in conditional tax credits that are tied to the company’s job creation plans.