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Industry News
Composite Resources to expand South Carolina facility

The $3.5 million investment will more than double manufacturing space and create 50 new jobs.

Author:
Posted on: 1/11/2010
Source: CompositesWorld

The South Carolina Department of Commerce, the City of Rock Hill, S.C., and York County, S.C., on Jan. 6 announced that Composite Resources Inc. (Columbia, S.C., USA) will expand its facility in Rock Hill. The $3.5 million investment is expected to generate 50 new jobs over the next five years.

“We are excited to move forward with our expansion plans in Rock Hill. The new addition to our campus will allow us to increase our capacity and meet growing demand for our services and products. South Carolina has proven to be a perfect fit for our company, providing us with an excellent business environment and a strong workforce. We appreciate all the support we’ve received from state and local officials,” said Jonathan Bennett, president and CEO of Composite Resources Inc.

Composite Resources will buy 5 acres of land adjacent to its current site in Rock Hill’s Tech Park, adding a 60,000-ft²/5,574m² facility to the company’s existing 52,000-ft²/4,830m² facility. The expansion will provide a dedicated production plant for specialty contract manufacturing work for military and medical products.

“The advanced materials sector continues to produce great opportunities in South Carolina, and Composite Resources’ expansion is another example of growth in this industry. The company’s decision to expand its operations in South Carolina is also a positive reflection that our business-friendly climate and skilled workforce are working to attract new investment and job opportunities in advanced manufacturing. We look forward to Composite Resources’ growth and wish them continued success in their endeavors,” said Joe Taylor, South Carolina secretary of commerce.

“We’re excited to see Composite Resources continue to expand their operation in our area. Both York County and Rock Hill provide an excellent location for new and expanding companies, both in terms of business environment and quality of life. We welcome this new addition of Composite Resources to the Rock Hill business community,” said Rock Hill city manager Carey Smith.

The company plans to begin site work and hiring for the positions by the beginning of the second quarter 2010. Composite Resources engineers and produces components and assemblies for a variety of applications including industrial, military, medical and aerospace.


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