Italy-Based Meter Bearings Group Invests $4.5 Million To Establish First U.S. Production Facility In Walterboro, South Carolina
07/09/2014
Meter Bearings Group is a family-owned company with headquarters in Robassomero, Torino, Italy. The company, which was founded in 1981, has manufacturing plants in Italy and China and customer support offices in Germany and the United States. The company plans to begin production by September 2015.
"Part of our growth strategy is to establish a manufacturing operation in the United States to reach our customers that already exist there. We chose Colleton County thanks to the great and professional support of the South Carolina Department of Commerce staff and local officials,” said Vittorio Musso, President /CEO of Meter S.p.A.
Among the factors that influenced the company's decision to locate in Colleton County is proximity to the Port of Charleston, which Meter Bearings Group will utilize for its importing and exporting needs, the state Department of Commerce said.
The Coordinating Council for Economic Development has approved a $200,000 Rural Infrastructure Fund grant for real property improvements. The company is coordinating with readySC to create a customized, pre-employment training program.
"We couldn't be more excited to see Meter Bearings Group establish their first U.S. manufacturing location in South Carolina. Their $4.5 million investment, 50 new jobs in Colleton County and increased business through the port will be a real boost to the area and the hardworking South Carolinians who live there,” Governor Nikki Haley said.
"Through our ease of access to global markets through the port and our strong workforce, Meter has realized the potential of doing business here in South Carolina. Meter will be a great addition to our growing community of foreign-owned companies in our state, and I look forward to seeing them succeed here” Secretary of Commerce Bobby Hitt explained.
"Meter Bearings Group's decision to locate in South Carolina is great news for Colleton County, and the SCPA looks forward to fulfilling their import-export needs. Their announcement today is a reminder that our capable port system impacts every county across the state and handles cargo for businesses of all sizes,” said Jim Newsome, President/CEO of the SC Ports Authority.
Project Announcements
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Point Blank Enterprises Plans Wakulla County, Florida, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024