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Article: Bearings maker to invest $12.5M when moving unit from New York.
- Article from:
- The Post and Courier (Charleston, SC)
- Article date:
- January 27, 2006
CopyrightCOPYRIGHT 2006 The Post and Courier. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: John P. McDermott
Jan. 27--A Swedish bearings maker that opened a repair center in North Charleston several years ago is relocating some of its U.S. manufacturing operations to the Lowcountry in a move that's expected to more than triple its local work force.
SKF USA Inc. said it expects to invest $12.5 million and create about 100 jobs over the next few years as it shifts part of its MRC Bearings unit to Pepperdam Industrial Park off Ashley Phosphate Road from Jamestown, N.Y.
Company officials also alluded to the likelihood of a third investment in the Charleston region, but they declined to elaborate.
"We'll be very ...