Ulbrich Precision Flat Wire, Inc. Invests $5 Million To Expand Its Westminster, South Carolina, Manufacturing Center
Area Development Online News Desk (12/09/2013)
Ulbrich Precision Flat Wire, Inc., a division of Ulbrich Stainless Steels and Special Metals, Inc., plans a $5 million investment to expand its Westminster, South Carolina, manufacturing center. The expansion plan, expected to start in the spring of 2014, includes additional manufacturing square footage and precision rolling equipment to meet increasing demand in key markets.
The state-of-the-art wire rolling facility produces precision flat and fine wire products, as well as, photovoltaic ribbon used in the manufacture of solar modules. The Westminster plant also operates a focus factory dedicated to the research and development of new products and processes.
"The state's attractive tax incentive and ongoing commitment to business and manufacturing, was a key factor in the decision to expand our wire operations in Westminster,” said Dan Day, Financial Manager of Ulbrich Precision Flat Wire, LLC and Ulbrich Solar Technologies, Inc. “These incentives are critical in our ability to grow and remain competitive in a global economy."
“It’s always exciting to see a company grow in one of our state’s rural areas,” said Gov. Nikki Haley. “We celebrate Ulbrich Precision Flat Wire’s decision to expand their operations in Oconee County. Today’s announcement is another indication that more and more companies from around the globe are seeing South Carolina as the right place to do business.”
“Our state’s manufacturing sector continues to be a real wealth and job creator,” said Secretary of Commerce Bobby Hitt. “When global companies like Ulbrich build on existing investments and create jobs, it helps make the communities where people live sustainable. South Carolina continues to solidify its place in the nation’s manufacturing renaissance.”
“On behalf of Oconee County, we are excited that Ulbrich has committed to invest and expand within our community,” said Joel Thrift, chairman of Oconee County Council. “This type of business investment could have occurred anywhere in the world for this type company, but they chose our area due to the business-friendly climate and our dynamic workforce.”