SC: TDC Cutting Tools & Greenfield Industries to Invest $8.2M to Expand, Hire
9 Jun, 2014
TDC Cutting Tools, Inc. will establish its overseas headquarters in Oconee County at the same site as its subsidiary, Greenfield Industries, resulting in an additional 38 new positions in Seneca. The company, which is based in China, will invest $8.2 million in the construction of the new TDC Overseas campus, including a 32,000-square-foot office building and a 10,000-square-foot recycling center added to the existing 168,000-square-foot facility.
Greenfield Industries recently consolidated its U.S. manufacturing operations and both its U.S. and Canadian headquarters at the Davis Creek Road site in Seneca. The company also plans to establish its Outside of China Global Operations headquarters in Seneca in the near future. The Davis Creek Road site was selected over options in Chicago and Switzerland.
TDC Cutting Tools and Greenfield Industries manufacture and sell drills, taps, end mills and other cutting tools. Together, both companies employ more than 3,300 individuals worldwide and produce more than 300 million tools annually.
A groundbreaking ceremony will be held on June 6, 2014. Site work will begin in July 2014 with completion of the complex slated for May 2015.
The company intends to hire sales personnel and sales support staff to manage the growth and expansion in the U.S. and Canadian markets. Applicants interested in applying for available positions with TDC Cutting Tools or Greenfield Industries may contact Senior Talent Development Specialist Julie Cook at firstname.lastname@example.org.
"Through this expansion, TDC has positioned itself for strong future growth in its overseas markets. TDC chose Oconee County for its overseas headquarters largely due to the proximity to Clemson University and Tri-County Technical College, the good support provided by both county and state governments, regional infrastructure and potential cost advantages." -Jeff Chee, founder and CEO of TDC Cutting Tools, Inc.
"TDC chose to come to South Carolina because of our world-class workforce, strategic location, and a business environment that has proven to provide the support needed for long-term success. We couldn't be more excited to congratulate TDC and Greenfield Industries on their $8.2 million investment and 38 new jobs they are bringing to Oconee County." -Gov. Nikki Haley
"TDC has not only decided to consolidate its subsidiary in South Carolina, but they have also decided to bring their own business operations here. The trust they have in our state speaks volumes about South Carolina's business climate." -Secretary of Commerce Bobby Hitt
"We are delighted to see that TDC Cutting Tools and its subsidiary Greenfield Industries have chosen to deepen their roots in Oconee County by expanding operations and placing their overseas headquarters here. The success they have found in our community is a testament to our local workforce and the pro-business atmosphere that makes our area ripe for global business." -Joel Thrift, chairman of Oconee County Council
FIVE FAST FACTS
- TDC Cutting Tools Inc. will establish its overseas headquarters in Oconee County at the same site as its subsidiary, Greenfield Industries.
- The company will invest $8.2 million resulting in an additional 38 new positions in Seneca.
- The new TDC Overseas campus, includes a 32,000-square-foot office building and a 10,000-square-foot recycling center added to the existing 168,000-square-foot facility.
- A groundbreaking ceremony will be held on June 6, 2014. Site work will begin in July 2014 with completion of the complex slated for May 2015.
- Applicants interested in applying for available positions with TDC Cutting Tools or Greenfield Industries may contact Senior Talent Development Specialist Julie Cook at email@example.com.
About Greenfield Industries
Greenfield Industries was acquired by TDC Cutting Tools Inc. in 2009. It has held a leadership role in the cutting tools industry for more than 100 years and its name is synonymous with quality manufacturing of cutting tools. Greenfield's U.S. and Canadian headquarters are located in Seneca, SC. Greenfield employs more than 300 employees in the U.S. and Canada.
About TDC Cutting Tools, Inc. (TDC)
Established in 1995, TDC Cutting Tools, Inc. is one of the fastest growing cutting tool companies in the world and is the world market leader for high speed steel cutting tools. TDC employs around 3,000 employees worldwide, produces more than 300 million tools and 6,000 miles of saw blades annually. Headquarters for all worldwide operations excluding China are currently being established in Seneca, SC.
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. Commerce has recruited world-class companies to South Carolina such as Boeing, Bridgestone, Continental, Monster.com, ZF Group, BMW and Google Inc. and also supports small and existing business, rural development initiatives and community development. 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. South Carolina ranked first in the nation for attracting jobs through foreign investment, according to IBM-Plant Location International reports in both 2012 and 2013. For more information, visit www.SCcommerce.com.