Lap Tech Industries, a manufacturer of precision components, will invest $4.5 million to expand its existing operations in York County, South Carolina, with plans to hire 60 employees.
Lap Tech Industries manufactures components for customers in the automotive, electronics, appliance and metal stamping industries. The company provides precision finishing services such as grinding, lapping, polishing and precision cleaning to its customers. The company will be moving into a newer, larger building in order to expand its precision finishing operations and add additional capabilities. Future planned capabilities also involve precision fabrication and metal forming. The new facility will be online by early summer 2013.
“We are excited to be growing our operations here in York County. This expansion is an important step for our company and will help us to extend our reach and meet the demands of new customers. South Carolina has continued to provide us with the right business environment in which to operate. We appreciate all the support we’ve received from state and local officials,” said Ramon Guzman, president of Lap Tech Industries.
“While we work hard everyday to bring new companies to South Carolina, it’s always exciting to see one of our existing businesses grow. We celebrate Lap Tech Industries’ decision to invest $4.5 million and create 60 new jobs in York County. Announcements like this show everyone that South Carolina is the ‘it’ place to do business,” said Gov. Nikki Haley.
York County Council Chairman Dr. Britt Blackwell said, “York County is excited that Lap Tech Industries is expanding their precision finishing operations and workforce into an existing building in the East York Industrial Park in York. This company represents the best of small business in South Carolina and we look forward to growing with them as they continue to lead the path of an emerging optics industry.”
As an incentive, the Coordinating Council for Economic Development approved a Governor’s Closing Fund grant of $200,000 for building upfit.