Germany-based MM Technics, a newly formed American subsidiary of Muhr Metalltechnik, Gmbh + Co. KG, is constructing a metal stamping facility in Newberry County, South Carolina. The company is expected to invest at least $12.6 million and create 65 jobs over the next five years.
MM Technics will begin construction of a new 40,000-square foot Newberry County facility in January and expects the new operation to be online by November of 2017. The Newberry County plant will supply stamped metal parts to BMW’s Upstate assembly plant. The facility will begin with a new 800-ton mechanical feed press, which it will use to stamp metal structural parts as a Tier 1 BMW supplier.
As an incentive, The Coordinating Council for Economic Development has approved job development credits related to this project.
“We are delighted to be expanding to the United States and to Newberry County. Our site selection process was long and difficult, but in the end we found that Newberry County had the right site and the right community for us. We thank the county and its leadership for guiding us through the process and solving every problem that presented itself along the way. We look forward to a very long and prosperous relationship with the county, the state and our customers,” MM Technics President Meinolf Muhr said.
“Foreign investment continues to be a major driver of South Carolina’s economy, and we are thrilled that MM Technics is the latest international company to invest in our state. This investment shows MM Technics’ commitment to the people of South Carolina, and we look forward to seeing the positive impact this commitment will have in Newberry County and throughout the state,” Governor Nikki Haley said.
“We couldn’t be more pleased that our community has been chosen by MM Technics for its first plant outside of Europe. From top to bottom, our team worked incredibly hard to bring this win home. These are the kinds of quality and sustainable manufacturing jobs we want in Newberry County and we couldn’t be happier to get our first tenant in Mid-Carolina Commerce Park. On behalf of Council, we pledge to continue working hard for Meinolf and his company and do everything we can to help him be successful in our community”, said Newberry County Council Chairman Henry H. Livingston III.
“Today’s announcement in Newberry County is evidence that both the public and private sector stakeholders in our state and region continue to advocate for positive economic growth. We welcome MM Technics to the Central SC region, and look forward to being a catalyst in helping them succeed,” said Central SC Alliance Chairman Mike Brenan.