A firm focusing on returnable packaging solutions, packIQ will invest $2.1 million to expand its existing operations at 1 American Way in Anderson County, South Carolina, with plans to generate 50 new jobs. The expansion will include a complete shipping rack fabrication facility with powder coat paint and polyurea coating systems.
packIQ manages the entire packaging lifecycle from 3-D CAD design, prototype, fabrication to storage, maintenance, real-time tracking and just-in-time delivery of packaging assets. Founded in 2000 as a supplier of packaging solutions to the automotive industry, the company also services clients in other major manufacturing industries such as aerospace and defense, armed forces, heavy truck and power sports.
"We have been very fortunate to have the opportunities for growth, and Anderson County has been very supportive in helping us expand to meet our customers' requirements," said Mark Beck, CEO of packIQ.
"It's always exciting to see an existing business grow its footprint in our state," said Gov. Nikki Haley. "We celebrate packIQ's decision to invest $2.1 million and add 50 new jobs in Anderson County." The Coordinating Council for Economic Development approved a $159,845 set aside grant for infrastructure improvements related to the project.
"In South Carolina, we know how to make things, and we make them well - whether it's cars, tires or the appropriate packaging for these things. Companies like packIQ play an important role in the manufacturing process, and we welcome their continued commitment to our state," said Secretary of Commerce Bobby Hitt.
Anderson County Council Vice Chairwoman M. Cindy Wilson said, "packIQ's decision to continue to grow in Anderson County is a tribute to the value of collaboration in our state. With our partners at the South Carolina Department of Commerce, we were able to ensure the necessary infrastructure improvements to make this expansion a reality. We look forward to packIQ continuing to be an integral part of our community."