Precorp Inc., a provider of innovative machining solutions to the automotive and aerospace industries, will invest $14.8 million to expand its operations by building a new state-of-the-art manufacturing facility in Greer, South Carolina. The investment is expected to add at least 29 jobs during the next few years.
The new plant, which joins Precorp operations in Germany, Michigan and Utah, will be located at 1510 S. Batesville Road in Greer. The custom-built, 60,000 square foot facility will nearly triple its current space and will allow the company to expand services to existing customers and greatly expand its business development initiatives. Construction on the new Greer location is underway, and Precorp expects to relocate operations there by early 2015.
"South Carolina's success in attracting key members of the aerospace and automotive industries led to the continuing growth of our existing operations in Greer, and ultimately to our decision to build a new state-of-the-art facility here in Greenville County. While we considered other locations, South Carolina's leadership in supporting advanced manufacturing and the excellent workforce we have found here clinched our decision to expand here. We appreciate the support of the Greenville Area Development Corporation, the South Carolina Department of Commerce, and all who helped to make this announcement possible,” said Rich Garrick, President of Precorp Inc.
Precorp Inc. is a member of the Machining Solutions Group of Sandvik, a high-technology engineering group. Sandvik's primary business areas focus on tools and tooling systems for mining, construction and numerous other industries. The company is also a leader in working with advanced stainless steels, special alloys, titanium and metallic and ceramic resistance materials.
"We're pleased that Precorp Inc. has chosen to expand its operations here in Greenville County, and to continue to enjoy the talent pool and business climate that this community offers. Their decision to develop a new high-tech manufacturing facility in Greer is a continued affirmation of this region's success in expanding our automotive and aerospace clusters,” said Dr. Bob Taylor, "Congratulations to Precorp, Inc. on this terrific announcement. High-tech manufacturing is the backbone of our economy. The growth and commitment of great companies like Precorp ensures a healthy, well-balanced Greer community and a first-class quality of life,” Wryley Bettis, Chairman of the Greer Development Corporation said.