Stoba To Establish Manufacturing Plant In Charleston, South Carolina
As a partner to the automotive industry, stoba is a leader in the production of complex machined components for high-pressure injection systems. Known for its innovative mass-production processes, the company has produced precision metal components for more than 50 years and employs more than 800 workers around the world at its four existing manufacturing centers and one machine manufacturing facility.
Located at 2301 Charleston Regional Parkway in Charleston, stoba will be leasing a 43,000-square-foot facility to produce machined steel products for the automotive industry, specifically the latest technologies for gasoline direct injection fuel systems.
“After following our automotive customers to the fast-growing China market in 2013, we decided to grow our company also in the NAFTA market. This is mainly driven by the upcoming growing demand of fuel-saving gasoline direct injection systems in the U.S. Our research for the best possible location ended with a clear vote for the state of South Carolina. In addition to having one of our main customers located in Charleston, we have been supported from the beginning with an extremely professional team from the government and the CRDA. We also found a very good base of skilled people, which we require for our complex production systems. We are very pleased to finally find a perfect location and we are fully motivated to ramp up our business in Charleston,” said stoba CEO Christoph Bode.
The Coordinating Council for Economic Development has approved job development credits related to this project. “Each time a company like stoba chooses our state as a place to call home, it shows the Team South Carolina approach to economic development is working. This $7.7 million investment, and the 61 new jobs it means for Berkeley County, is a reason to celebrate across the state, and we look forward to watching stoba grow and thrive here for many years to come,” Governor Nikki Haley said.
“stoba’s decision to locate in the Charleston region demonstrates this robust and growing automotive hub offers the competitive advantages innovative companies need to succeed, including an adaptable and enthusiastic workforce. We are so pleased CRDA’s collaboration with local automotive companies like Bosch is proving successful, as we continue working together to enhance the supply chain. The opportunities here for suppliers and talent are tremendous,” Charleston Regional Development Alliance Board Chairman Todd Gallati explained.
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