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Manufacturer will invest $32M to establish operations in Georgetown County
Manufacturer will invest $32M to establish operations in Georgetown County > SC Biz News Manufacturer will invest $32M to establish operations in Georgetown County > SC Biz News
Wenker, Inc. growing South Carolina presence by establishing U.S. headquarters in Greenville County
Wenker, Inc. growing South Carolina presence by establishing U.S. headquarters in Greenville County | S.C. Governor Henry McMaster COLUMBIA, S.C. – Wenker, Inc., a leading automotive supplier, today announced plans to grow its South Carolina presence by establishing its new U.S. headquarters in Greenville County. The company’s $3.1 million investment will create 27 new jobs.
Groundbreaking held for $800M EV battery plant in Florence County
Groundbreaking held for $800M EV battery plant in Florence County > SC Biz News Groundbreaking held for $800M EV battery plant in Florence County > SC Biz News
Copper tubing company invests $18.5 million in Rock Hill expansion
Copper tubing company invests $18.5 million in Rock Hill expansion PDM US, a leading manufacturer of copper tubing recently opened its $18.5 million expanded facility in Rock Hill, site of the company’s...
Greenville County manufacturer completes phase of $10M expansion
Greenville County manufacturer completes phase of $10M expansion The Travelers Rest plumbing equipment manufacturer T&S Brass and Bronze Works Inc. has added a 53,000-square-foot distribution...
California biotech company to open $50M facility in Union County
California biotech company to open $50M facility in Union County A California-based biotech company is opening its first facility in South Carolina in Union County. MycoWorks, which creates luxury-quality...
Company with Tesla ties to build $3.5B facility in Berkeley County
Company with Tesla ties to build $3.5B facility in Berkeley County This story has been updated. Redwood Materials, a producer of anode and cathode battery components, will invest $3.5 billion to establish...
Thermoplastics company to invest $13 million in Kershaw County, create 54 jobs Orion Performance Compounds, Inc., a manufacturer of highly engineered thermoplastic compounds, will invest $13 million to establish operations...
Manufacturer to invest $26M in new Laurens County facility
A supplier of automotive and industrial racking products will expand its S.C. footprint with new operations in Laurens County. Motor City Racks said in a news release from the S.C. Commerce Department that it will invest $26 million and create 88 new jobs.
Manufacturer to invest $26M in new Laurens County facility A supplier of automotive and industrial racking products will expand its S.C. footprint with new operations in Laurens County. Motor City Racks...
Anderson County's Bosch announces 350 new jobs, expansion
https://www.wyff4.com/article/anderson-county-company-350-new-jobs-expansion/41039728
Jobs Alert: Upstate company announces 350 new jobs, expansion An Upstate company announced plans Wednesday to expand operations and create hundreds of new jobs.
Entrepreneurial drive keeps Justin Jenkins' trucking dreams rolling
An impressive pandemic proof visionary….supply chain challenges being answered in part by Paveway Express….nothing happens without inbound/outbound logistics support!
https://www.greenvilleonline.com/story/money/business/2022/08/11/entrepreneurial-drive-keeps-justin-jenkins-trucking-dreams-rolling/10275685002/
Entrepreneurial drive keeps Justin Jenkins' trucking dreams rolling Jenkins named his company Paveway Express Ltd. Co. because, “This is going to pave the way for my future. This is the foundation."
Georgia-Pacific plans $40 million investment, expansion at South Carolina plant
August 12, 2022
COLUMBIA, S.C. — Paper and wood-products company Georgia-Pacific announced plans on Thursday to invest $40 million to expand operations at the company's plant in Clarendon County.
The Alcolu site processes wood logs into strands to manufacture oriented strand board (OSB) products used in construction.
The expansion would add a third strander machine to increase the annual output of quality OSB products by approximately 150 million square feet, according to the company's press release.
Source:https://www.wltx.com/article/money/business/georgia-pacific-to-invest-40-million-expand-osb-board-production-in-clarendon-county-alcolu/101-866b8c00-c2e3-41b1-a757-aead20049f77
Georgia-Pacific plans $40 million investment, expansion at South Carolina plant The Alcolu plant produces oriented strand board (OSB) products used in construction
Structure first….one of the largest manufacturing sectors in the US and growing!
GTIS Partners Announces $140 Million Industrial Property Joint Venture in South Carolina with Collett Industrial
https://www.cleveland19.com/prnewswire/2022/08/03/gtis-partners-announces-140-million-industrial-property-joint-venture-south-carolina-with-collett-industrial/
GTIS Partners Announces $140 Million Industrial Property Joint Venture in South Carolina with Collett Industrial NEW YORK, Aug. 3, 2022 /PRNewswire/ -- GTIS Partners ("GTIS"), a global real estate investment firm that manages $4.7 billion in gross assets with a focus on residential and industrial investments, announced today a joint venture with Collett Industrial ("Collett"), an industrial developer headquart...
Greif to invest $13M to expand operations in South Carolina
August 4, 2022
Source:https://www.recyclingtoday.com/article/greif-invests-in-greenville-county-paper-mill/
Greif has announced it is investing $13 million over the next five years to expand operations at its Greenville County paper mill in South Carolina and increase production capacity. The Delaware, Ohio-based packaging producer expects the expansion to be complete in November.
The paper mill, located in Taylors, South Carolina, utilizes recycled paperboard to produce spiral tubes and cores, and the company says the expansion will modernize the facility.
"We are excited to offer increased capabilities within our Taylors facility," says Tim Bergwall, senior vice president and group president, paper packaging and Soterra LLC. "Greif's investment in South Carolina enables us to support our tube and core plants and our customers' growth in this thriving region of the country."
Greif produces more than 2 million tons annually of 100-percent-recycled paperboard and has three specialty converting facilities: Wisconsin, Austell No. 1 and Taylors.
"This announcement further proves that South Carolina's talented workforce and pro-business environment allow our companies to thrive," Gov. Henry McMaster says.
Greif to invest $13M to expand operations in South Carolina Packaging producer looks to modernize its Greenville County paper mill and increase production capacity.
Iowa manufacturing company shows why economy isn’t growing
Source:https://www.nbcnews.com/nightly-news/video/iowa-manufacturing-company-shows-why-economy-isn-t-growing-145010757553
In Pella, IA, Vermeer manufactures agricultural and industrial equipment. The company with 4,000 employees says demand is high – so high that it needs to hire hundreds more workers to meet it. But finding them is a challenge – as is navigating ongoing supply chain roadblocks. Vermeer says it could be contributing more to the GDP which has now fallen two quarters in a row.
Iowa manufacturing company shows why economy isn’t growing In Pella, IA, Vermeer manufactures agricultural and industrial equipment. The company with 4,000 employees says demand is high – so high that it needs to hire hundreds more workers to meet it. But finding them is a challenge – as is navigating ongoing supply chain roadblocks. Vermeer says it cou...
Health Supply US establishing Glove One operations in Greenville County
Source:https://governor.sc.gov/news/2022-06/health-supply-us-establishing-glove-one-operations-greenville-county
Health Supply US establishing Glove One operations in Greenville County | S.C. Governor Henry McMaster The Governor's accelerateSC task force has launched accelerate.sc.gov, South Carolina's one-stop-shop for COVID-19 response information.
What can get participation rate higher?
https://www.thecentersquare.com/south_carolina/south-carolina-adds-more-than-4-000-to-workforce-in-june-as-unemployment-rate-sits/article_4cc5b358-09f8-11ed-ad12-67749c4cd583.html
South Carolina adds more than 4,000 to workforce in June as unemployment rate sits at 3.2% (The Center Square) — South Carolina had more than 4,000 more individuals employed in June than in May, according to data released Friday by South Carolina's Department of Employment and
United States Unemployment Rate
The US unemployment rate was unchanged at 3.6 percent in June of 2022, the same as in the previous three months remaining the lowest since February 2020 and in line with market expectations. The number of unemployed people decreased by 38 thousand to 5.912 million, while employment levels fell by 315 thousand to 158.111 million. Meanwhile, the labor force participation rate edged down to 62.2 percent in June from 62.3 percent in May.
Source: United States Unemployment Rate - June 2022 Data - 1948-2021 Historical (tradingeconomics.com)
South Carolina Unemployment
17 July 2022
The estimate of unemployed people marked little change over the month at 79,162.
• That is a decrease of three people from April’s estimate and a significant decrease of 18,762 over the May 2021 estimate.
• The state’s seasonally adjusted unemployment rate was unchanged at 3.3 percent from April’s estimate • Nationally, the unemployment rate was unchanged at 3.6 percent, according to the Current Population Survey
•Greenville's unemployment rate is 2.7%
United States Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) increased 9.1 percent over the last 12 months to an index level of 296.311 (1982-84=100), the largest 12-month increase since the period ending November 1981. For the month, the index increased 1.4 percent prior to seasonal adjustment. The all items less food and energy index rose 5.9 percent over the last 12 months. The energy index rose 41.6 percent over the last year, the largest 12-month increase since the period ending April 1980. The food index increased 10.4 percent for the 12-months ending June, the largest 12-month increase since the period ending February 1981.
Source: https://tradingeconomics.com/united-states/consumer-price-index-cpi
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