SC: Ulbrich Precision Flat Wire Investing $5M to Expand in Oconee County
10 Dec, 2013
Ulbrich Precision Flat Wire, Inc., a division of Ulbrich Stainless Steels and Special Metals, Inc., announces a $5 million investment for the expansion of their Westminster, S.C., operations. The state-of-the-art wire rolling facility produces precision flat and fine wire products, as well as, photovoltaic ribbon used in the manufacture of solar modules. The Westminster plant also operates a focus factory dedicated to the research and development of new products and processes.
"The state's attractive tax incentive and ongoing commitment to business and manufacturing, was a key factor in the decision to expand our wire operations in Westminster,” commented Dan Day, financial manager of Ulbrich Precision Flat Wire, LLC and Ulbrich Solar Technologies, Inc. “These incentives are critical in our ability to grow and remain competitive in a global economy."
The expansion plan, expected to start in the spring of 2014, includes additional manufacturing square footage and precision rolling equipment to meet increasing demand in key markets.
“It’s always exciting to see a company grow in one of our state’s rural areas,” said Gov. Nikki Haley. “We celebrate Ulbrich Precision Flat Wire’s decision to expand their operations in Oconee County. Today’s announcement is another indication that more and more companies from around the globe are seeing South Carolina as the right place to do business.”
Since January 2011, South Carolina has recruited more than $10 billion in capital investment and more than 28,000 jobs in the manufacturing sector.
“Our state’s manufacturing sector continues to be a real wealth and job creator,” said Secretary of Commerce Bobby Hitt. “When global companies like Ulbrich build on existing investments and create jobs, it helps make the communities where people live sustainable. South Carolina continues to solidify its place in the nation’s manufacturing renaissance.”
“On behalf of Oconee County, we are excited that Ulbrich has committed to invest and expand within our community,” said Joel Thrift, chairman of Oconee County Council. “This type of business investment could have occurred anywhere in the world for this type company, but they chose our area due to the business-friendly climate and our dynamic workforce.”
Founded in 1924 in Wallingford, Connecticut, Ulbrich Stainless Steels and Special Metals, Inc., evolved into a leading international manufacturer of precision stainless steels and special metals strip and wire. Ulbrich's products are known for their performance and reliability in critical applications in industries as diverse as aerospace, automotive, energy, medical, chemical processing and electronics.
Ulbrich employs nearly 700 people globally with 10 facilities in five countries, processing more than 140 alloys. Ulbrich is a fourth generation, family-owned business.
About the 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. The state was ranked first in attracting jobs through foreign investment by IBM-Plant Location International. 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 supports small and existing business, rural development initiatives and offers grants for 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. For more information about Commerce, visit www.SCcommerce.com