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

China Hengshi Foundation Company Readies Columbia, South Carolina, Manufacturing Center

05/19/2017
China Hengshi Foundation Company, a fiberglass fabric provider, is locating new operations at 1440 Atlas Road in Columbia, South Carolina. The company’s new facility is expected to bring $11.1 million in capital investment and lead to the creation of 48 jobs in Richland County.

Founded in 2000, China Hengshi specializes in the research, development, production and marketing of a variety of fiber-weaving products for export around the world. Primarily used in wind turbine blades, the company’s products are also utilized in space flight, aviation, construction, transportation, environmental protection and more.

The company intends to have its 111,000-square-foot manufacturing facility operational by the fourth quarter of 2017. As an incentive, the Coordinating Council for Economic Development has approved job development credits related to this project.

“Today marks another milestone for our company as we are starting our first South Carolina operations. We are very excited about the future of our company and are thrilled that we can support the local community as we launch this new facility, China Hengshi Foundation Company Ltd. Chairman Zhang Yuqiang said.

“We’re proud to welcome China Hengshi to the South Carolina business community. It’s a privilege to welcome any company that has decided to do business here, but the 48 new jobs that this investment means for Richland County is an important step forward to continuing the growth of our manufacturing industry,” said Governor Henry McMaster.

“South Carolina has long been a strong player in both manufacturing and foreign direct investment, and this tremendous $11.1 million investment only reinforces that notion. We look forward to our new partnership with China Hengshi Foundation Co,” Secretary of Commerce Bobby Hitt said.

Article Discussion

Follow Area Development

Share