The South Carolina Department of Commerce and the Florence County, S.C., Economic Development Partnership (FCEDP) have announced that they are investing $2.5 million in Wellman Plastics Recycling to allow the company to increase its current operations in Florence County.
“We are pleased to be able to reinvest in our facility in Florence County. Demand for our products is on the rise. This expansion will allow us to increase our market share, as well as position us for future growth. South Carolina has provided us with an excellent business environment and strong workforce. We appreciate all the support we have received from state and local officials,” says Robert Taylor, vice president of PET Resin and Fiber for Wellman Plastics Recycling, in a release.
Wellman’s expansion will include adding equipment to its current facility in Johnsonville, S.C., that will allow the company to increase its capacity. The company will be installing the equipment gradually over the next 24 months.
“Wellman Plastics Recycling’s decision to expand its operations in Florence County is another indication that South Carolina has the business climate, workforce and infrastructure necessary to help our existing businesses grow. Additionally, South Carolina’s efforts to keep taxes and regulatory burdens low, well positions our state to continue to attract new jobs and investment. We appreciate Wellman Plastics Recycling’s decision to expand in South Carolina and look forward to the company’s continued success,” says Joe Taylor, South Carolina’s Secretary of Commerce.
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