A subsidiary of Italy-headquartered Spa, FOMAS, a custom manufacturer of seamless rolled rings in a variety of steels, will invest $2.5 million to expand its existing manufacturing operations at 500 Wallace Way in York, South Carolina.
Based in York County, FOMAS Inc. was formerly known as Ajax Rolled Ring and Machine, Inc. before being acquired in December 2014 by Italy-based FOMAS SpA. The company, which supports the construction, gears and transmission, transportation, mining and power generation markets, will be expanding its machining capacity by 10 percent and remodeling its facility to accommodate increased customer demand.
“We are proud to see that our business development actions have brought not only an increase in customer demand but also in volumes. The expansion of our machining capability will support us even more with delivering turnkey solutions to our clients,” said FOMAS Group Vice President & CEO Jacopo Guzzoni.
“This partnership between FOMAS, Inc. and our great state continues to be a win-win. In South Carolina, we’ve created one of the friendliest environments for business in the world, and that’s why companies of all shapes and sizes continue to find success within our borders,” said Governor Henry McMaster.
“York County is excited to see FOMAS, Inc. expand as they make this new $2.5 million investment and create new jobs within our community. Their strong manufacturing offerings continue to be great news for our county and our state, and we look forward to watching them grow,” said York County Council Chairman Britt Blackwell.