Manufacturers across the country continue to enjoy record-high optimism and are expanding at an exciting clip. Both the New York Federal Reserve and the Philadelphia Federal Reserve are reporting continued healthy gains in manufacturing activity in March. Tax reform and other pro-growth policies coming from Washington are helping manufacturers invest and expand in their facilities and their workers.
The latest news? United Tool & Mold, Inc., a South Carolina–based plastic tooling manufacturer, announced that it is planning an $11.1 million expansion to build a new “state-of-the-art” production complex in South Carolina:
United Tool & Mold, Inc., a leading provider of new tooling projects, engineering changes and repair services for the plastics industry, will invest $11.1 million to expand its manufacturing operations in the Pickens County Commerce Park in South Carolina. The company will construct a 60,000-square-foot, state-of-the-art production complex.
The company has three locations across the Southeast, including operations in Duncan and Easley, South Carolina. The Easley facility features the company’s main office and is a comprehensive provider of mold-servicing needs.
“This investment in a state-of-the-art facility and leading-edge technology will ensure that our highly skilled employees, many of whom call Pickens County home, will be able to live local and work local,” United Tool & Mold President H. Scott Phipps said.
The company employs 80 workers in the United States. The expansion is expected to create 17 additional jobs.
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