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Petroleum Processor Investing $55M in South Carolina
Area Development Online News Desk (11/25/2008)
Delfin Group USA, the North American division of Russia-based Delfin,
will invest US$55 million to retrofit its operation in North
Charleston, South Carolina, according to economic development officials
in the region. The expansion, which will add capacity for automotive
and industrial lubricant production, will create 160 new jobs at the
facility, which currently employs 15. The company expects to complete
the initial expansion next year. “The port and infrastructure attracted
our attention,” says Markos Baghdasarian, president of Delfin Group
USA. “However, the support pledged to us by state and local officials
created an important advantage for North Charleston versus any other
location.” Financial details about the expansion were not detailed;
however, officials say that both state and local agencies are involved.
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