SC: Sundaram-Clayton to Invest $50M to Launch its 1st U.S. Ops & Hire 130
13 Feb, 2017
Sundaram-Clayton Limited (SCL), a leading Indian manufacturer and supplier of aluminum cast products to global automotive original equipment manufacturers (OEMs), announced it will be launching its first U.S. manufacturing operations in Dorchester County. By investing $50 million, the company is expecting to create 130 new jobs over the next five years.
A component of the $7 billion TVS Group, SCL is the holding company for the $1.6 billion TVS Motor Company Limited, India's third-largest manufacturer of two-wheelers and a flagship company of the TVS Group. SCL also manages Sundaram Auto Components Limited, which manufactures injection molded plastic components.
Located in the Ridgeville Industrial Campus in Ridgeville, S.C., SCL has acquired 50 acres of land for its new facility, where it will manufacture aluminum, high-pressure, die-cast products and permanent mold gravity cast parts for its customers. Construction at the site is expected to begin by April 2017, and the first production line is projected to be operational by the end of 2018.
"The United States has always been an important market for us. Over the years, we have built strong partnerships with global OEMs in the region and have decided to set up a facility in the country to better support our customers here. Dorchester County in South Carolina offers certain strategic business advantages, including proximity to a high-quality port; a well-rounded transportation network; a young, well-educated, diverse workforce; and an excellent business environment. We look forward to being a part of the community in the county and adding value to it in any way that we can." -Sundaram-Clayton Limited Joint Managing Director Dr. Lakshmi Venu
"Today, we're proud to welcome Sundaram-Clayton Limited to the South Carolina business community. It's a privilege to welcome any company that has decided to do business here, but the 130 jobs that this investment means for Dorchester County is an important step forward to continuing the growth of our automotive industry." -Gov. Henry McMaster
"South Carolina continues to lead the way in advanced manufacturing; and, with today's announcement, Sundaram-Clayton Limited is joining the ever-growing roster of globally-recognized manufacturing firms that have chosen to call our state home. We look forward to watching this great company succeed here for many years to come." -Secretary of Commerce Bobby Hitt
"We are tremendously excited about Sundaram-Clayton Limited investing in our county. While a $50 million investment that creates at least 130 new, good-paying jobs is enough to celebrate, the leadership of this company is first-class, and we will be proud to have them as part of our community. For years, our council and staff have worked hard to get the vital infrastructure in place to attract quality employers and jobs to Dorchester County. This project is the fruit of that labor and the first of many to come in the Ridgeville Industrial Campus." -Dorchester County Council Chairman Jay Byars
"We are so pleased to welcome Indian-owned Sundaram-Clayton Limited to our community and to the growing list of global companies who call this region home. This was a seamless effort led by Dorchester County, and SCL will be an integral part of the supply chain for our growing automotive cluster. By choosing to locate here, SCL sends a powerful message to truck and automotive companies around the world, reinforcing just how competitive we have become." -Charleston Regional Development Alliance Board Chair Todd Gallati
"S.C. Ports Authority welcomes Sundaram-Clayton Limited to South Carolina and looks forward to serving their growing needs. Our ability to capably and efficiently handle imports and exports for manufacturers across South Carolina is a top priority for the SCPA." -S.C. Ports Authority President and CEO Jim Newsome
Five Fast Facts
- Sundaram-Clayton Limited (SCL) is establishing its first U.S. manufacturing operations in Dorchester County.
- $50 million investment to create 130 jobs over the next five years.
- SCL is a leading Indian manufacturer and supplier of aluminum cast products to global automotive OEMs.
- The facility will be located in the Ridgeville Industrial Campus in Ridgeville, S.C.
Construction is expected to begin in April 2017, and the first production line is projected to be operational by the end of 2018.
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 business grow. Commerce has recruited world-class companies to South Carolina such as BMW, Boeing, Continental, Giti Tire, LPL Financial Holdings, Mercedes-Benz Vans, Toray and Volvo Cars and also supports startups, small and existing business, innovation and rural development initiatives. Commerce partners with the S.C. Technical College System via readySC to support workforce training and recruiting, and with the S.C. Department of Employment and Workforce, which provides worker training and employment opportunities within the state. IBM-Plant Location International reports in 2012, 2013 and 2015 ranked South Carolina first in the nation for attracting jobs through foreign investment. For more information, visit www.SCcommerce.com.