COLUMBIA, S.C. — October 17, 2018 — Huvis Indorama Advanced Materials, a 50-50 joint venture between Indorama Ventures Public Co. Ltd. and South Korea-based Huvis Corp., is launching new manufacturing operations at Auriga Polymers Inc.’s campus in Spartanburg County. The $48 million investment is projected to create 50 new jobs.
The new, state-of-the-art operations will manufacture low melting fiber (LMF) with an annual capacity of 60,000 tons. LMF is commonly used as a binder fiber in core-sheath constructions for use in automotive and industrial composites. The initial volumes of LMF will be sold in the United States with the potential to expand into neighboring regions over time.
Auriga Polymers, Inc. currently employs more than 450 production associates, engineers and scientists at its Spartanburg County campus and, through this joint venture, the facility will be adding 50 new positions. Hiring for the new positions will begin this month, and interested applicants can contact Recruiter@AurigaPolymersInc.com for more information.
The Coordinating Council for Economic Development has approved job development credits related to the project.
“After celebrating more than 50 years of manufacturing in Spartanburg County, it is exciting to see the creation of 50 new jobs in Spartanburg as a result of this substantial new investment,” said Auriga Polymers Vice President of Operations Mark Holden. “Both joint venture partners are appreciative of the pro-business environment in South Carolina and look forward to a strong future with this community.”
“We’re proud to congratulate Huvis Indorama Advanced Materials on this latest investment in Spartanburg County,” Governor Henry McMaster said. “Today’s announcement is a testament to Auriga’s commitment to our state and its people, and I look forward to watching them continue to thrive here for a long time to come.”
“We continue to see manufacturers making investments across the state,” said Secretary of Commerce Bobby Hitt. “Today’s announcement by Huvis Indorama Advanced Materials further strengthens South Carolina’s robust manufacturing sector and brings jobs that will have an ongoing positive impact in Spartanburg County.”
“We are extremely pleased that Huvis Indorama Advanced Materials is launching this new manufacturing operation in Spartanburg County,” said David Britt, Spartanburg County Economic Development Committee chairman and Economic Futures Group board member. “The decision to locate this venture on Auriga Polymers Inc.’s Spartanburg campus represents our commitment to our existing industries. Spartanburg County will benefit from this expansion now and in the future.”
FAST FACTS
- Huvis Indorama Advanced Materials is launching operations in Spartanburg County.
- $48 million investment to create 50 new jobs.
- Indorama Ventures Public Co. Ltd. and Huvis Corp. are partnering for a new joint venture to produce low melting fiber at the existing Auriga Polymers Inc. campus.
- The new, state-of-the-art operations will produce an annual capacity of 60,000 tons.
Posted October 23, 2018
Source: South Carolina Office of the Governor