Diverse companies – from startups to multinational corporations – continue to relocate and expand existing operations in the Charleston region.
Fruit of the Loom Palmetto Distribution Center
January 26, 2024
Apparel warehousing and distribution
Closure by July 1, 2024, affecting 119 workers. Fruit of the Loom's Director of Corporate Communications Melanie Cressman reported, "As a global Company operating in a highly competitive marketplace, Fruit of the Loom, Inc., is constantly analyzing its business to ensure we remain as competitive as possible. After an extensive review of our distribution network, the decision was made to close the distribution center in Summerville, South Carolina in support of a consolidation strategy." The company is a wholly owned subsidiary of Berkshire Hathaway, Inc.
January 9, 2024
Automotive parts manufacturer
Plant closure affecting 466 positions. Headquartered in Germany, the firm said it would close its Leeds Ave facility and begin laying off employees in April, with final closure by year-end 2024. As one of the world's largest automotive suppliers, Mahle posted major financial losses in 2021 and 2022 and cited rising costs for utilities, materials and labor as key reasons for closing the facility.