A Chinese company that manufactures fiberglass products announced Tuesday it will build a new production line southeast of Columbia, creating 400 new jobs.
China Jushi would create its first fiberglass manufacturing operations at the new site. The company expects to begin construction in the fall and complete the $300 million project within two years. Jushi is a leading supplier of fiberglass reinforcements and fabrics to the reinforced plastics industry worldwide.
“With the dynamic development of the American composite global market, plus the great support from South Carolina state government and Richland County, we believe that this USA project will achieve great success,” CEO Zhang Yuqiang said in a statement. “Also, we always welcome talented people to join Jushi USA and witness the growth of Jushi in the American fiberglass industry.”
The future site does not currently have road access, although Richland County hopes to use new sales tax revenue to extend Shop Road to the site by the time it opens in 2018. Richland County also approved a fee-in-lieu of taxes agreement, while the state also approved job tax credits for the project.