Power Team News

Coca-Cola Consolidated Investing $5 Million and Creating 20 New Jobs

November 2, 2017

Coca-Cola Consolidated today announced plans to construct a new $5 million sales and distribution center at the Cypress Ridge Industrial Park in Ridgeland, S.C. The company will be bringing 45 existing jobs with the operation and creating at least 20 new jobs.

Coca-Cola Consolidated has seven locations in South Carolina and employs more than 1,200 people in the state. The new facility will handle sales and distribution of Coca-Cola products throughout Allendale, Bamberg, Beaufort, Colleton, Hampton and Jasper Counties.

The company will be locating its operations in the Cypress Ridge Industrial Park’s Speculative Building in Ridgeland, S.C. For more information on Coca-Cola Consolidated, visit www.cokeconsolidated.com.

SC Power Team Receives 2017 NREDA Organization Excellence Award

COLUMBIA, SC – South Carolina Power Team, a full-service, non-profit economic development organization representing the state’s 20 electric cooperatives, is pleased to announce that it was the recipient of the 2017 National Rural Economic Developers Association (NREDA) Organization Excellence Award.

This award was presented to SC Power Team for its Site Readiness Fund (SRF) initiative, a $30 million fund established by its Board of Trustees in 2014 as matching grants to pair with funding from the state’s 20 electric cooperatives, local governments, and other resources to facilitate the enhancement of existing sites, parks, and buildings within the electric cooperative service territories. SRF’s objective: to create winning sites that can be competitive through a site selection process; support the advancement of a site; and better position the site for winning during the site selection process. SRF investments have funded items, to include but not limited to: land acquisition; water and wastewater upgrades; industrial park infrastructure upgrades; speculative building construction and upgrades; roadway projects; and general site improvements.

“Since 2014, more than $130 million in combined funds have been put into making sites market-ready throughout South Carolina,” explained Bob Paulling, Chairman of the Board of Trustees for SC Power Team. “The most recent example of SRF’s community impact is the opening of MM Technics first North American metal stamping plant in Newberry County; a $12.6 million investment which will create 65 new jobs. SRF funding was used for road upgrades, clearing, grubbing and grading of MM Technics’ location in Mid-Carolina Commerce Park.”

The SRF commitments exceeding $25 million has leveraged an additional $105 million in investment from local governments and electric cooperatives. The sites where SRF has been utilized are referred to by SC Power Team as “SC Power Sites.” The locations of these SC Power Sites are clustered in areas of significant growth in South Carolina, to include: Upstate, I-85 Corridor; Central Midlands, I-26/I-77 Corridor; Charleston Region, I-26/I-526 Corridor; and Pee Dee Region, I-95 Corridor. These areas share five characteristics: location; infrastructure; labor force; speed to market; and willing partners. Locations can be found on the SC Power Team website, SC Power Sites/Featured Sites web page.

Clancy Courtney, Product Development Manager and 30-year member of the SC Power Team, concentrates his efforts on marketing SC Power Sites and making sites market-ready. He accepted the award on behalf of the organization at the awards ceremony which was held during the NREDA Annual Conference in San Antonio, TX.

“The Site Readiness Fund is a community preparedness initiative established only four years ago, yet is having a profound effect on developing product, bringing sites to a market-ready status, and securing location announcements,” stated James Chavez, President and CEO for SC Power Team. “Through this initiative, the SC Power Team is carrying on its legacy of being essential to economic development in South Carolina and being partners in progress and prosperity.”

SC Power Team is dedicated to supporting its local and regional partners in promoting, attracting, and retaining businesses and new industry. The organization has done this for nearly three decades through competitiveness and community preparedness initiatives.

About South Carolina Power Team
South Carolina Power Team is a full-service, non-profit economic development organization representing Central Electric Power Cooperative, Inc., and the state’s 20 consumer-owned electric cooperatives. The power system serves the entire state (46 counties) and over half of its population. Its mission is to facilitate the growth of jobs, investment and electric load through the attraction of new industrial and commercial activity, as well as, the expansion and retention of existing businesses and industrial facilities. For more information, visit www.SCPowerTeam.com.

END

MEDIA CONTACT:
Joan D. Kelley, Marketing and Communications Director
803.960.6917 | jkelley@scpowerteam.com

$520 million expansion includes the addition of office operations and brings Volvo Cars' South Carolina investment to more than $1 billion

September 25, 2017

Volvo Cars today announced that it is investing an additional $520 million in its Berkeley County operations and creating 1,910 new jobs. This new commitment adds to the company’s initial 2015 announcement and brings the collective total to more than $1 billion in investment and 3,900 jobs, respectively.

Under construction currently, Volvo Cars’ Berkeley County manufacturing plant will be the global production home of the company’s all-new S60 sedan, which is expected to roll off the assembly line next year. With this new investment, the company is planning to add an additional product line – the next generation XC90 – to its South Carolina operations in 2021.

More than just increased manufacturing capacity, this additional investment will also support the construction of new office operations on the company’s Berkeley County site. The 88,000-square-foot office facility will include up to 300 new workers and will serve as a training center and house research and development and operations management activities, as well as a southern regional sales office.

Next month, the S.C. Department of Commerce is planning to go before the Joint Bond Review Committee and the State Fiscal Accountability Authority to request $46 million in bonds to offset eligible items of infrastructure under the Economic Development Bond Act.

Firms interested in potential supplier opportunities with Volvo Cars’ Berkeley County facility should visit S.C. Commerce’s website and fill out the online supplier information form or contact VolvoCarsSC@SCcommerce.com with any questions.

For more information on Volvo Car USA, visit the company’s website.

Samsung Electronics to Open $380 Million Manufacturing Plant in Newberry County

July 21, 2017

Samsung, one of the world’s leading technology companies, is opening a new home appliance manufacturing facility in Newberry County. The $380 million facility will produce some of Samsung’s most popular, industry-leading appliances and generate more than 950 new jobs over the next three years.

Established in 1969 and employing nearly half a million people worldwide, Samsung has transformed the worlds of TVs, smartphones, wearable devices, cameras, digital appliances, network systems and more. Over the last 40 years, Samsung Electronics’ U.S. subsidiary, Samsung Electronics America, has steadily expanded its footprint in the U.S., creating thousands of high-skilled jobs and investing in cutting-edge manufacturing.

Ruiz Foods Expands Existing Florence County Manufacturing Facility

July 11, 2017

Ruiz Food Products, Inc., a producer of frozen food and snack products, is expanding its existing Florence County operations. The $79 million investment is expected to create 705 new jobs over the next several years.

El Monterey™ is the flagship frozen Mexican food brand for Ruiz Foods and the top-selling brand of frozen Mexican food in the United States. Its products include burritos, tamales, breakfast burritos, empanadas, quesadillas, taquitos and more. Tornados™, also distributed nationally, is the company’s snack brand and a leader on convenience store roller grills. Ruiz Foods produces these items at facilities in California, South Carolina and Texas, employing nearly 3,600 team members nationwide.

Located at 2557 Florence Harllee Boulevard in Florence, S.C., the company will be adding another production line to its South Carolina manufacturing facility immediately; and, there are plans to add additional lines in the next seven years.

GE Renewable Energy Selects Clinton, SC for New Test Facility

GE Renewable Energy recently announced that it has selected Clinton, South Carolina for a new research and development facility. The $29 million facility will be used to test prototype bearing designs and evaluate next generation bearing technology for the GE’s Onshore Wind business. The new facility will be located at 19267 SC-72, Clinton, SC, and begin operation by the end of the year.

Sumter Easy Home Invests $37 Million in Manufacturing Facility

June 23, 2017

Sumter Easy Home LLC, a supplier of housewares and other retail goods, is locating their new manufacturing operations in Sumter County. The development is projected to bring $37 million of capital investment and create 88 new jobs.

Sumter Easy Home LLC produces and distributes home organization and housewares to a variety of clients, including Walmart and Lowe’s. Sumter Easy Home will be servicing multiple businesses out of this facility, including the warehousing and shipping of TidyLiving.com orders. The company has purchased the Black River Shell Building, a 104,000-square-foot facility on North Wise Drive in Sumter, S.C., served by Black River Electric Cooperative.

TICO Manufacturing Expands Operations in Jasper County

June 21, 2017

TICO (Terminal Investment Corporation), a manufacturer of terminal tractors and related equipment for the port, intermodal, and distribution industry sectors, will expand their operations at Cypress Ridge Industrial Park in Ridgeland with the addition of a parts distribution center as part of their product support program.

Currently employing 145 at the Ridgeland site, TICO’s expansion will add 9 jobs at the industrial park, where the company will utilize an existing building near their current operations to house the parts distribution operation, consolidating operations from two locations.

SouthernCarolina Alliance, the regional economic development organization, partnered with Palmetto Electric Cooperative and Jasper County to support and encourage TICO’s decision to grow their operation by locating the new maintenance and distribution division in the industrial park, providing easy access to the manufacturing facility.

SC Ports Breaks Ground on Inland Port Dillon

March 13, 2017

Today officials broke ground on the site of Inland Port Dillon, a South Carolina Ports Authority facility slated to open in early 2018 to support growing intermodal cargo volumes between the Port of Charleston and markets throughout the Carolinas, Northeast and Midwest. Located within the Carolinas I-95 Mega Site, Inland Port Dillon has close proximity to I-95, a critical transportation artery in the Southeast. The area is central to a significant base of existing Port users that represent base cargo opportunities for the facility.

The initial phase is expected to handle at least 45,000 containers annually, offering overnight access to and from Charleston via an existing CSX mainline. Marlboro Electric Cooperative is a partner in preparing the site for the Inland Port Dillon, with the use of Site Readiness Fund dollars.

BB&T Expands its Greenville County Operations

February 16, 2017

BB&T, one of the largest financial services holding companies in the United States, today announced the construction of a new facility in Greenville County. The development represents a capital investment of $30 million.

Based in Winston-Salem, N.C., BB&T operates more than 2,196 financial centers in 15 states and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T has been recognized for outstanding client satisfaction by the U.S. Small Business Administration and named one of the world’s strongest banks by Bloomberg Markets magazine.

Located at 825 East Butler Road in Mauldin, S.C., BB&T will be constructing a new 140,000-square-foot mortgage servicing center, which will house more than 600 BB&T associates. Construction is expected to be complete by the end of the fourth quarter of 2017.

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