United Phosphorus, Inc., an India-based manufacturing company specializing in chemical blending operations, plans to establish a new industrial operation in Williamsburg County, South Carolina. The company plans to invest more than $20 million in the project and create 65 new jobs over the next several years.
UPI is a national producer of crop protection products, specialty chemicals and a variety of other industrial products. The company offers a wide range of compounds that include insecticides, herbicides, fungicides and fumigants for use in multiple segments.
This new development will involve the renovation of an existing 520,000-square-foot building, located on 60 acres at 1457 Eastland Ave. in Kingstree. The project will include considerable improvements, including modernization of the building’s existing shipping space.
“The opening of our first U.S. full production facility will allow UPI to locally enhance our new product development pipeline that is expected to produce over twelve new products in the next eighteen months. Our new facility will allow us to meet that demand and provide the market flexibility that is needed for high value brands, as well as to better serve our customers. UPI’s strategy is to invest in innovative products, the environment and the community, as a long term sustainable supplier of molecules aligned to the agricultural value chain,” said UPI Executive, Vicente Gongora.
As an incentive, The Coordinating Council for Economic Development awarded Williamsburg County a $600,000 grant to assist with the costs of real property improvements. Job development credits were also approved for this project.
“UPI’s decision to invest in our people and our state is a real reason to celebrate. This partnership began when we were able to meet with representatives from UPI in India, and the fact that this fantastic company has decided to invest more than $20 million and create 65 new jobs in one of our rural communities shows its commitment to South Carolina, and we couldn’t be more excited to continue this partnership for years to come,” Governor Nikki Haley said. “South Carolina Ports Authority welcomes the nation’s first United Phosphorus facility to South Carolina and looks forward to serving their import and export needs. Their announcement reflects continued growth of our state’s manufacturing economy and presence in the global marketplace, and the Port is proud to support their international supply chain,” said S.C. Ports Authority President/CEO Jim Newsome.
“Congratulations to the teams from United Phosphorus and South Carolina on this job-creating investment. We’re proud that our Commercial Service colleagues, based at the U.S. consulate in Mumbai, were able to assist. The United States is a leader in innovation, and many international companies have recognized that locating production here can help them better meet the needs of the U.S. market. We are excited to welcome UPI to the United States and we wish them continued success,” Ambassador Vinai Thummalapally, Executive Director of SelectUSA said.
Source : areadevelopment.com