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Tuesday, 05 February 2008 |
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FORT MILL -- The path for new jobs and more investment in York County has been cleared for the Ross Dress For Less distribution center in Fort Mill. Ross, York County's largest private employer, was issued a five-year extension on tax incentives by the York County Council last week, suggesting an expansion is possible in the future. The California-based discount clothing retailer came to York County in 2002 after county officials offered tax breaks in exchange for new jobs and substantial investment.
Read more at The (Rock Hill) Herald...
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Tuesday, 05 February 2008 |
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CLEMSON -- Michelin is investing $6.8 million in a research and development project focused on further improving vehicle fuel economy by reducing tire rolling resistance. The money will support the company’s research efforts in South Carolina and include a $1.9 million research contract with Clemson University and its International Center for Automotive Research. The work will begin immediately and is set to be completed over three years.
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Sunday, 03 February 2008 |
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SUMMERVILLE -- American LaFrance will close two South Carolina facilities as part of its reorganization plan filed with the bankruptcy court Sunday. The court has set March 3 to approve the company's disclosure statement and April 9 to approve the confirmation of the plan. The company also filed a motion to sell the assets of the company if the plan is not approved.
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Friday, 01 February 2008 |
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DUNCAN -- A German supplier of glass and plastic moldings for the European automotive industry has chosen Duncan for the site of its North American manufacturing operations. Richard Fritz Group, based in Stuttgart, Germany, has built a $6 million plant at 150 Parkway West off Highway 290 and Congress Boulevard in Duncan, the company announced Thursday.
Read more at The (Spartanburg) Herald-Journal...
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Wednesday, 30 January 2008 |
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SUMMERVILLE -- American LaFrance lost $56 million last year on sales of less than $195 million after losing just more than $48 million a year earlier on sales of $233 million, according to a restructuring officer who may guide the company through its reorganization. Crippling inventory and technical snafus contributed to American LaFrance’s decision to file for Chapter 11 protection on Monday, but they weren’t the only reasons, said William K. Snyder, who heads a company that specializes in corporate restructuring.
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