MONROE — Fluid Equipment Development Company, also known as FEDCO, has announced a multi-million-dollar investment to increase its manufacturing capacity in Monroe.
Founded in 1997, FEDCO, an international company headquartered at 800 Ternes Drive in Monroe, helps bring clean water to the world. Its water treatment technology reduces the energy required to produce clean drinking water from seawater or from brackish (saline) groundwater.
According to the organization, the investment is part of a long-term strategy to grow sustainably while keeping research, manufacturing, and commercial operations under one roof to maintain the company’s commitments to its customers, the environment, and the local community.
This investment follows rapid growth in 2023, during which time FEDCO reported record revenues and booked orders, expanded its workforce by 20%, and expanded capabilities to develop new desalination technologies. FEDCO also established a subsidiary company in Dubai to better serve its customers in the Middle East and Asia.