Governor’s Report: South Carolina Boasts Booming Economy

The economy is booming in South Carolina, according to Governor Henry McMaster.

In his State of the State address in January, Gov. McMaster touted the state’s “record budget surplus” that included more than $3.5 billion in unexpected revenue.

“It should come as no surprise that 2022 was the most successful year for economic growth in our state’s history,” he said at the time.

South Carolina’s foreign direct investment nearly quadrupled in 2022 —the same year that more than 100 projects were announced, McMaster said. Business Facilities

Global maker of instant ramen to establish $228M Greenville County plant

Nissin Foods, a global company that produces instant ramen products, plans to expand its U.S. footprint by spending $228 million on new operations in Greenville County.

The company said in a news release from the Greenville Area Development Corp. and the state Commerce Department, that it will create more than 300 new jobs to meet growing demand for its product. SC Biz News

ZF Group expands automotive transmission plant in Laurens County, S.C.

ZF Group, an original equipment supplier for passenger cars, commercial vehicles and industrial technology, today announced it is expanding ZF Transmissions Gray Court, its manufacturing facility in Laurens County. The $500 million investment will create 400 new jobs.

Since opening in 2013, the facility has produced eight- and nine-speed transmissions for passenger vehicles. As mobility transforms and shifts toward electrification, ZF Transmissions Gray Court continues to evolve and invest in advanced equipment and technologies that will meet the changing needs of the industries it serves.

By investing in the existing facility, located at 2846 N. Old Laurens Road in Gray Court, ZF Transmissions Gray Court will be able to build next generation propulsion systems for passenger cars and commercial vehicles. Production operations for new products at the plant will start later this year. South Carolina Department of Commerce

Global maker of instant ramen to establish $228M Greenville County (SC) plant

Nissin Foods, a global company that produces instant ramen products, plans to expand its U.S. footprint by spending $228 million on new operations in Greenville County.

The company said in a news release from the Greenville Area Development Corp. and the state Commerce Department, that it will create more than 300 new jobs to meet growing demand for its product.

“Nissin Foods has seen sustained sales growth year-over-year, especially over the last five years, driven by unprecedented demand for our products,” Nissin Foods President and CEO Michael Price said in the news release. “As we developed the company’s expansion plans, we determined early on that Greenville, S.C., was the ideal location for our newest manufacturing facility.” SC Biz

Latitude Corp. expands U.S. footprint establishing first South Carolina operations in Clarendon County, S.C.

Latitude Corp., a contract manufacturer of precision metal manufacturing solutions, today announced plans to expand its U.S. footprint by establishing operations in Clarendon County. The company’s $29 million investment, in its first South Carolina facility, will create 200 new jobs.

Latitude Corp. started in 1990 as a machine shop in Middleton, Wisconsin. Consistent growth prompted the company to expand and diversify into metal fabrication, welding and powder coating services. Today, Latitude Corp. is headquartered in Verona, Wisconsin and works with customers in numerous industries including agriculture, aerospace and defense, commercial appliances, government, healthcare, and is targeting growth in electric vehicles, energy and construction. The company has an additional operation in Tucson, Arizona.

The company is purchasing a 50,000 square-foot facility located at 2414 Joe Rogers Blvd. in Manning. This location will manufacture large metal components. South Carolina Department of Commerce

West Fraser grows Newberry County. S.C. operations; third expansion in 10 years

West Fraser, one of the largest timber producers in North America, today announced it is growing its Newberry County sawmill operations with its third expansion in 10 years. The $17.7 million investment will create 30 new jobs.

Founded by three brothers in 1955, West Fraser is a diversified wood products company that manufactures lumber, engineered wood and other products including pulp, newsprint, wood chips and renewable energy. Its products are used in home construction, repair and remodeling, industrial applications, papers, tissue and box materials.

Much like the 2014 and 2016 projects, the expansion of the facility located at 3287 College Street in Newbery will help West Fraser modernize and increase productivity. The company purchased an additional 60 acres of land to accommodate the growth. There are more than 60 West Fraser operations in the U.S., Canada and Europe.  South Carolina Department of Commerce

SC works to ensure rural counties play role in economic development surge

MANNING, S.C. (WCSC) – South Carolina is in the midst of an economic development boon, as companies vow to spend billions of dollars in capital investment and create thousands of new jobs.

For South Carolina as a whole to thrive, state leaders believe rural counties need to be part of the picture.

“Rural counties have to be, and the whole state needs to be involved,” Gov. Henry McMaster said.

McMaster took part in a shovel ceremony last week at Latitude Corp.’s future large metal components manufacturing facility in Clarendon County.

In what is now an empty, 50,000-square-foot building in a Manning industrial park will eventually become a $29 million workplace for 200 employees.

“I’ve been the county council chairman for 23 years, so it’s been certainly the largest [jobs] announcement since I’ve been here and then I understand even before that,” Clarendon County Council Chair Dwight Stewart said.

When the Wisconsin-based Latitude Corp. was deciding where to expand, a program spearheaded by the state’s technical college system sold them.

“The readySC program, which recruits and trains workers, convinced us that South Carolina was the right state for our business investment,” Latitude Corp. President Tom Verbos said.

That program is one tool South Carolina has to ensure rural counties can play a role in the state’s recent economic development surge. Charleston WCSC-TV

911 call shows bizarre circumstances of F-35 ejection: ‘Not sure where the airplane is,’ pilot says

NORTH CHARLESTON, S.C. (AP) — A military pilot whose advanced fighter jet went temporarily missing over the weekend is heard repeatedly requesting an ambulance in a perplexing 911 call from the South Carolina home where he had parachuted to safety, according to an audio recording released Thursday to The Associated Press.

The four-minute recording captures the bizarre circumstances for the three unidentified people involved: a North Charleston resident calmly explaining that a pilot just parachuted into his backyard, the pilot who doesn’t know what became of his F-35 jet, and a puzzled dispatcher trying to make sense of it all. The Associated Press

Silfab Solar growing U.S. presence in York County, S.C.

Silfab Solar, a leading North American solar panel manufacturer, today announced plans to expand its U.S. footprint by establishing operations in York County. The company’s $150 million investment will create 800 new jobs.

With more than 40 years of solar experience, Silfab Solar designs, engineers and manufactures its own premium brand of high-efficiency solar panels for both residential and commercial use. The company operates two U.S. facilities in Bellingham and Burlington, Washington, and one in Toronto, Canada. The new facility in York County will manufacture next-generation solar cell technology, boosting U.S solar cell production.

The company is leasing a 785,000-square-foot building located at 7149 Logistics Lane in Fort Mill. South Carolina Department of Commerce