TWL Precision, a worldwide supplier of precision automotive components, today announced plans to expand its current operations in Charleston County. The $5 million investment is expected to generate 35 new jobs.
“We are pleased to move forward with plans to expand our operations here,” said Jeff Teague, general manager for TWL Precision. “This expansion will really help our company expand its footprint in the U.S. and help us better serve our customers in the area. Charleston County has provided a great home for our operations.
TWL Precision will expand its current facility in the Palmetto Commerce Park. The expansion will double the company’s current manufacturing space and is expected to be completed by the third quarter of 2012.
“While we work every day to bring new companies to South Carolina, it’s always exciting to see one of our existing businesses expand. We congratulate TWL Precision on its success and celebrate the company’s commitment to create 35 new jobs,” said Gov. Nikki Haley.
The company first started operations in the area in November 2007. The expansion will bring the number of employees at the company’s plant to 90.
“Manufacturing is continuing its upswing in South Carolina, especially in the automotive-related sector. TWL Precision’s expansion is another sign our state’s business-friendly climate is helping companies prosper,” said Bobby Hitt, Secretary of Commerce.
Since the beginning of the year, South Carolina has recruited more than $3.9 billion in investment and more than 12,000 new jobs in the manufacturing sector.
“Congratulations are in order for TWL Precision Inc. as they announce this great expansion project,” said Charleston County Council Chairman Teddie Pryor. “TWL Precision Inc. is an international automotive leader and represents the cream of the crop in highly skilled manufacturing in Charleston County. As the company writes this new chapter of its success story in North Charleston, we at Charleston County are glad to be their partners. We will remain fully engaged to assist the company well into the future, and also to safeguard and further improve the area business climate we believe will be instrumental to continued success.”
“The expansion of TWL Precision gives us confidence that the City of North Charleston and the greater Charleston region remains a ripe environment for businesses to flourish,” said North Charleston Mayor Keith Summey. “We applaud TWL Precision’s success and are thankful for the capital investment and job creation that our community will receive.”
The company will begin hiring for the new positions in the second half of 2012. TWL Precision Inc. contracts with local staffing agencies that will recruit using local advertising and media outlets.
About TWL Precision
TWL Precision is a VTL Group Company. VTL Group is a progressive international company specializing in the development and manufacture of complex precision parts and assemblies for automotive powertrain applications. The Group is present in Europe, North America, India and Japan employing over 450 people with combined revenues totaling $110 million. For more information, please visit www.vtl-group.com.
About S.C. Department of Commerce
As South Carolina’s leading economic development agency, the Department of Commerce works to recruit new businesses and help existing businesses grow. This year, Commerce won the Gold Shovel Award and the Deal of Year Award from Area Development magazine. Commerce has been part of recruiting world-class companies to South Carolina such as Boeing, Bridgestone, Continental, Monster.com, Heinz, ZF Group, BMW and Google Inc. Commerce also supports small and existing business, rural development initiatives and offers grants for community development. For more information, visit www.SCcommerce.com.