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

TorqTek Design and Manufacturing Invests $12 Million To Expand Manufacturing Plant In North Charleston, South Carolina

09/09/2014
TorqTek Design and Manufacturing, LLC, a supplier of timing gears to automotive manufacturers, will invest $12 million to expand its facility in North Charleston, South Carolina, with plans to create 50 jobs in the region.

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.

Share

Exclusive Research