Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew

Finland-Based Teknoware Locates Manufacturing Campus In Conway, South Carolina

11/15/2017
Teknoware, a Finland-based manufacturing firm, plans to establish operations at a 45,000 square-foot leased facility, currently under construction in the Atlantic Center, 14 miles northwest of Myrtle Beach, in Conway, South Carolina.

The company will hire approximately 45 employees and make a capital investment of $5.8 million over the next five years in Horry County.

Teknoware develops, manufactures and supplies interior lighting systems for commercial vehicles, as well as emergency lighting systems for public premises and ships.

The company offers a wide range of customized vehicle lighting solutions and serves a variety of customers, including Alstom, Bombardier, Daimler, General Electric, Kawasaki, Siemens, Volvo and more. The company plans to hire a range of manufacturing, supervisory and support service personnel.

“Teknoware is excited to make this new investment and believes in the future Horry County is providing. It is a good place to grow the business and support our employees. After evaluation, Teknoware selected Horry County as the company’s new U.S. base of manufacturing operations. We appreciate all the help and support that we have received from the Horry County business community. We look forward to being a strong member of the local business community in Horry County,” Teknoware CEO Mikko Kosonen said.

As an incentive, The Coordinating Council for Economic Development has approved job development credits related to this project.

“Whenever a new company decides to invest in South Carolina, it marks the beginning of a partnership that we know will benefit our people for a long time. Teknoware’s investment in Horry County shows its commitment to our state, and we’re grateful for the opportunities it will create for South Carolinians,” said Governor Henry McMaster.

“South Carolina has made a name for itself on the global stage as a state that makes things and makes them well. It’s always exciting to see new foreign-based firms open their doors in our state, and I congratulate Teknoware on this tremendous announcement,” Secretary of Commerce Bobby Hitt added.

“On behalf of the entire MBREDC board, I would like to welcome Teknoware to Horry County. We are excited that they have selected Conway for their new U.S. manufacturing operations and look forward to having them become a strong member of our business community,” Myrtle Beach Regional Economic Development Corporation Chairman Neyle Wilson added.

Article Discussion

Share