Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Holroyd Precision Components Opens Manufacturing Plant In Spartanburg County, South Carolina

10/21/2016
Holroyd Precision Components, a sub-contract manufacturing division of Precision Technologies Group (PTG) Limited, is establishing its first U.S. manufacturing operations – Holroyd Precision Rotors, Inc. – in Spartanburg County, South Carolina. The $12.5 million investment is expected to create 23 new jobs.

Headquartered in the United Kingdom, the original Holroyd company was established in 1860, and has been at the forefront of special purpose machine tools manufacturing since its foundation. Holroyd also provides sub-contract manufacturing services for special screws and rotors for a wide variety of applications.

Holroyd’s Upstate South Carolina operations will support new and existing contracts and grow the company’s customer base. Holroyd will move into an existing 34,650-square-foot facility at 130 Corporate Drive in Spartanburg where operations are expected to be underway in the fall of 2016. The Spartanburg facility will manufacture high-precision screws and helical components for a wide range of customers across the United States.

As an incentive, the Coordinating Council for Economic Development has approved job development credits related to the project. For more information on Holroyd Precision Rotors, Inc.

“The selection of Spartanburg as the location for our new U.S. facility was influenced by the area’s strong training and technical skills programs. We benefited also from the great guidance provided by the team at the Spartanburg Area Chamber of Commerce and Development Advisors Incorporated, which helped us make our investment decision. Our factory is equipped with the best production technology available, and we are building a truly exceptional team to manage and operate it. We look forward to working with and supporting our many world-class customers across the U.S. as we grow the business,” said CEO of Precision Technologies Group Dr. Tony Bannan.

“When a company like Holroyd has the opportunity to build its first United States manufacturing facility anywhere in the country and chooses South Carolina, it’s a testament to the hardworking people who make up our workforce. We’re excited to welcome Holroyd to the South Carolina family, and we look forward to watching it grow and thrive here for many years to come, said Governor Nikki Haley.

Share

Exclusive Research