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China-Based TDC Cutting Tools Invests $8.2 million To Establish Overseas Headquarters In Seneca, South Carolina

Area Development Online News Desk (06/06/2014)
China-based TDC Cutting Tools, will invest $8.2 million to establish its overseas headquarters in Oconee County, South Carolina, at the same site as its subsidiary, Greenfield Industries.

The company will construct its new TDC Overseas campus, including a 32,000-square-foot office building and a 10,000-square-foot recycling center added to the existing 168,000-square-foot facility. The expansion is expected to create 38 jobs in Seneca.

Greenfield Industries recently consolidated its U.S. manufacturing operations and both its U.S. and Canadian headquarters at the Davis Creek Road site in Seneca. The company also plans to establish its Outside of China Global Operations headquarters in Seneca in the near future. The Davis Creek Road site was selected over options in Chicago and Switzerland.

TDC Cutting Tools and Greenfield Industries manufacture and sell drills, taps, end mills and other cutting tools. Together, both companies employ more than 3,300 individuals worldwide and produce more than 300 million tools annually. The company intends to hire sales personnel and sales support staff to manage the growth and expansion in the U.S. and Canadian markets.

"Through this expansion, TDC has positioned itself for strong future growth in its overseas markets. TDC chose Oconee County for its overseas headquarters largely due to the proximity to Clemson University and Tri-County Technical College, the good support provided by both county and state governments, regional infrastructure and potential cost advantages,” Jeff Chee, founder and CEO of TDC Cutting Tools, Inc.

"TDC chose to come to South Carolina because of our world-class workforce, strategic location, and a business environment that has proven to provide the support needed for long-term success. We couldn't be more excited to congratulate TDC and Greenfield Industries on their $8.2 million investment and 38 new jobs they are bringing to Oconee County, “Governor Nikki Haley.
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