Auto Parts Supplier IFA Plans Manufacturing Center In Summerville, South Carolina
07/20/2017
The development represents $69 million of capital investment and is projected to create more than 120 new jobs in the coming years. As one of the largest manufacturers of propshafts in the world, IFA assembles approximately two million state-of-the-art propshafts every year in Ladson, Sotuh Carolina.
As a first step toward a future consolidated site, IFA will be constructing a new 234,000-square-foot facility at 479 Trade Center Parkway in Summerville, South Carolina. This new building will enable IFA to add constant-velocity joint (CVJ) manufacturing to its North American business portfolio. Hiring for the new positions is projected to begin in the second quarter of 2018.
As an incentive, the Coordinating Council for Economic Development has approved job development credits related to this project. A $150,000 Closing Fund grant was also awarded to Berkeley County to assist with the costs of site preparation.
“IFA has a vision to be a Top 100 Auto supplier, and this latest investment is part of that plan. For 15 years, IFA has been growing with the region, and we are in a position of strength within our market. This expansion shows the shareholders confidence in the region and its employees, and strengthens our commitment to be in South Carolina for years to come,” said IFA President & CEO Mauro Amarante.
“The investment that IFA has decided to make in our people and our state shows the world that our workforce and competitive business environment can lead to success for companies in every industry and of all sizes. We’re proud to congratulate IFA on its decision to expand in Berkeley County and look forward to watching them continue to grow here for a long time,” Governor Henry McMaster said.
“The Palmetto State’s automotive industry employs more than 65,000 South Carolinians, and with announcements like today’s, this booming sector shows no signs of slowing down.” Secretary of Commerce Bobby Hitt said.
“We appreciate IFA’s commitment to South Carolina and decision to remain in the Tri-County area, at their new home in Berkeley County. This move ensures nearly 600 employees will continue to produce state-of-the-art products for the automotive sector, which includes nearly 200 Berkeley County residents. It also means further opportunity for employment and additional investment,” Berkeley County Supervisor Bill Peagler noted.
Project Announcements
Campbell Soup Company Expands Richmond, Utah, Baking Operations
03/17/2024
Quantum Fuel Systems Plans Wixom, Michigan, Manufacturing Operations
03/17/2024
The Paslin Company Expands Pontiac-Shelby-Warren, Michigan, Operations
03/17/2024
Schneider Electric Plans-Expands Mt Juliet-Smyrna, Tennessee, Production Operations
03/15/2024
FreezPak Logistics Plans Suffolk, Virginia, Cold Storage Operations
03/15/2024
FrameTec Plans Casa Grande, Arizona, Production Operations
03/15/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Logistics Analysis That Drives Industrial Site Selection
Q4 2023
-
AI 101 for Site Selection
Q4 2023
-
Technology’s Influence on Workforce Development
Workforce Q4 2023
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023