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Volvo Cars seeks to invest in supplier plants as it readies for new model
Volvo Cars USA’s bid for tax breaks for some Upstate investments is part of the company’s efforts to prepare its Ridgeville plant for building its new and fully electric flagship SUV. Volvo CEO Jim Rowan says the EX90 ushers in a new era for safety for Volvo drivers and passengers. “Born electric, born with lid[...]
Nucor to invest $425M in Berkeley County expansion
Nucor Corp. will expand its operations in Berkeley County with a $425 million investment. The steel and steel products manufacturer’s project is expected to create 50 new jobs, according to a news release from the South Carolina governor’s office. Located at 1455 Old Hagan Ave. in Huger, Nucor’s latest expansio[...]
Marine design company expanding in North Charleston
A marine electrical system design company is expanding in North Charleston. New Wire Marine is adding a warehouse to its Dorchester County location in a $1.8 million investment that will create 38 new jobs over the next five years, according to a news release from the office of the governor. Located at Dorchester Industrial Park[...]
Nucor Steel investing $200M over the next five years
Nucor Corp., one of the largest manufacturers of steel and steel products in North America, intends to spend more than $200 million on Berkeley County facilities in the next five years, including a building that supplies industrial gases to the mill’s central operations. Nucor’s expansion will include the construction of an air separation unit to […]
Grain & Barrel partners with adventure group
Grain & Barrel Spirits, a Charleston-based company that develops and scales craft spirits with the intent to connect artisans to consumers worldwide, has partnered with Wilderness Collective, which operates adventures to help people disconnect and discover character through exploration. As Wilderness Collective’s official spirits partner, the collaboration will showcase spirits made for the outdoor drinking […][...]
Ingevity Corp. spends $385M, buys dual companies and invests in another
Ingevity Corp. of North Charleston has had a busy week already. The company on Tuesday announced it is buying two companies in a $325 million cash transaction and investing $60 million to acquire an equity stake in another. In addition, the company announced record net sales of $419.9 million in its second-quarter report,[...]
Second company in two days ready to buy Boeing 787
For the second time this week a Boeing customer has demonstrated confidence in the North Charleston 787 program. After announcing on Tuesday the sale of five 787-9s, Boeing today signed a memorandum of understanding with Azerbaijan Airlines for four additional 787-8s. The Azerbaijan flag-carrier currently operates two 787-8s, an[...]
Boeing receives order for more SC-made 787s
Boeing and AerCap Holdings N.V. today announced that AerCap is growing its 787 Dreamliner portfolio with an order for five additional 787-9 jets. The 787-9 is built in North Charleston, which is home to Boeing’s 787 program, which includes the 787-8 and 787-10. “AerCap is the world's largest 787 customer and we are very pleased […]
SHL Medical establishing operations in Charleston County
SHL Medical, a provider of drug delivery solutions, today announced plans to establish operations in Charleston County with an initial investment of $90 million that will create an estimated 165 new jobs. Headquartered in Switzerland, SHL Medical designs, develops and manufactures drug delivery solutions for pharmaceutical and biotechnology companies around the world. The company creates […][...]
North Charleston-based Green River Spirits Co. acquired
Kentucky-based Bardstown Bourbon Co., a distiller, producer and bottler of premium Kentucky bourbon and rye whiskey, has entered into an agreement to acquire Green River Spirits Co., which is headquartered in North Charleston. The acquisition is scheduled to close in July, subject to customary closing approvals and conditions, a[...]
Jim Newsome awarded the Order of the Palmetto
Gov. Henry McMaster honored S.C. Ports President and CEO Jim Newsome with the Order of the Palmetto. The Order of the Palmetto is the highest civilian honor in South Carolina, recognizing the recipient’s lifetime achievements and significant contributions made to the state. “With Jim Newsome at the helm of South Caro[...]
Boeing donates $500,000 to Emanuel Nine Memorial
The Boeing Co. has donated $500,000 to the Mother Emanuel Memorial Foundation Board for the Emanuel Nine Memorial. The board manages the fundraising, construction, endowment and outreach for the memorial. “The Emanuel Nine Memorial honors our dear friend, the late Rev. Clementa Pinckney, his fellow worshipers and their fam[...]
