TorqTek Design and Manufacturing Invests $12 Million To Expand Manufacturing Plant In North Charleston, South Carolina
09/09/2014
The new operations will be housed in approximately 100,000 square feet located at 4500 Leeds Avenue. Founded in 1995 as a joint venture of GETRAG Gears of North America and Cummins Inc., the company was renamed TorqTek in January 2012 as part of a management buyout. It employs approximately 138 workers.
"TorqTek Design and Manufacturing, LLC is very pleased to announce this significant expansion of our facility in Charleston, South Carolina. With this project, we not only increase our customer base to include world-class companies such as Caterpillar, Navistar, Daimler, BMW and Harley Davidson, but also extend our product range from Engine Timing Gears to Transmission Components all the way up to complete Transmission Assemblies,” said Armin Laicher, CFO of TorqTek.
The company is expanding to meet motorbike contract demands for industry leaders Harley Davidson and BMW. After exploring options in neighboring states, TorqTek chose to expand its facility in North Charleston for proximate access to its existing and prospective customer base. TorqTek currently produces primarily timing gears for the automotive market but has been currently awarded with contracts for transmission components and complete transmission assemblies.
The Coordinating Council for Economic Development approved job development credits related to the project. "TorqTek's expansion is a testament to the growth that big businesses bring in the form of suppliers and producers - a further demonstration that South Carolina's business-friendly climate, market access and quality infrastructure are growing the economy and creating jobs,” Secretary of Commerce Bobby Hitt said.
Project Announcements
Blue Buffalo Expands Richmond, Indiana, Production Complex
03/24/2023
Schrödinger Expands New York, New York, Research Operations
03/23/2023
Cirba Solutions Plans Richland County, South Carolina, Lithium-ion Battery Materials Campus
03/23/2023
Albemarle Corporation Plans Chester County, South Carolina, Lithium Hydroxide Processing Plant
03/23/2023
Tillamook County Creamery Association Plans Decatur, Illinois, Ice Cream Manufacturing Plant
03/23/2023
ENTEK Plans Terre Haute, Indiana, ‘Wet-Process’ Lithium-ion Battery Plant
03/23/2023
Most Read
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
19th Annual Consultants Survey: Clients Challenged by Tight Labor Market, Energy Availability
Q1 2023
-
The Top Investment Location Prospects for Aerospace Manufacturing
Q1 2023
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
How Are Economic Developers Partnering to Solve Workforce Challenges?
Q1 2023
-
Strategies to Overcome Intensifying Industrial Real Estate Challenges
Q1 2023