Japan-Based Koyo Bearing Invest $10 Million In Orangeburg, South Carolina, Plant Expansion
03/18/2014
The Koyo Orangeburg facility opened in 1975 and serves as a Tier 1 and Tier 2 supplier of bearings for Toyota, Ford, Honda, General Motors and John Deere. Koyo is a subsidiary of Japan-based JTEKT Corporation, which operates 13 manufacturing sites in North America. According to the company, the move ensures its competitiveness in the automotive industry and preserves existing employment levels at the Orangeburg facility, which employs around 500 team members at present.
"This move is being done to ensure the company's competitiveness in the automotive industry and to preserve existing employment levels. Koyo appreciates the commitment of Orangeburg County and the State of South Carolina to the company's success, and looks forward to continuing its good relationship with Orangeburg County and the State of South Carolina for years to come,” said Jeff Sherrill, Plant Manager, Koyo Bearing North America - Orangeburg.
"What a great day for Orangeburg County and the Central South Carolina Region. Koyo Bearing North America has a long history of manufacturing and machine tooling excellence in Orangeburg going back nearly 40 years. Koyo's global manufacturing footprint is quite impressive and we are very honored and appreciative of the continued commitment to the State of South Carolina by making this significant investment. Congratulations to the Koyo leadership team and we wish them continued success in the future,” Mike Brenan, Chairman of the Central SC Alliance said.
"We are excited to see growth in Orangeburg County and we celebrate with Koyo as they invest $10 million in Orangeburg and help support the continued success of South Carolina's automotive industry,” Governor Nikki Haley said.
"The automotive industry continues to be a driving force in our state's economy, with more than 45,000 South Carolinians employed in the automotive sector today. These kind of announcements show that South Carolina is just right for automotive manufacturing and suppliers, and I am thrilled for what the future has in store for Koyo and Orangeburg County,” said Secretary of Commerce Bobby Hitt.
"One of our main objectives as a community is to provide a pro-business environment that encourages growth and prosperity for existing and new industries. This investment announcement from Koyo shows that Orangeburg County has the resources to foster growth in the automotive sector. Koyo has a strong history in Orangeburg County and this expansion ensures that Koyo and Orangeburg County will continue to move in a positive direction,” Ken Middleton, Chairman of the Orangeburg County Development Commission said.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
Midwest becomes hotspot for semiconductor manufacturing and supply industries
Q2 2024