BMW Manufacturing announced today four new senior management appointments. Included in the new management appointments is the formulation of a new management function to oversee project integration to serve the needs of the plant’s future growth. Karl Loessl has been appointed Vice President, Body in White. Loessl…
The report released today provides more evidence that the labor market is tightening rapidly. The unemployment rate dropped to 5.1 percent in August, as a result of a large drop in the number of unemployed and a flat labor-force participation rate that has yet to recover. It…
Sales of BMW brand vehicles increased 2.0 percent in August for a total of 27,755 – a new August record – compared to 27,213 vehicles sold in August, 2014. Year-to-date, BMW brand sales are 223,348 vehicles, a 5.9 percent increase from the same period last year. “Even…
Economic activity in the manufacturing sector expanded in August for the 32nd consecutive month, and the overall economy grew for the 75th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued by Bradley J. Holcomb, CPSM, CPSD,…
The annual South Carolina Aerospace Conference was recently held in Columbia, SC. South Carolina Manufacturing’s editors recently caught-up with industry leaders to get their thoughts on the Aerospace Conference. Steve Townes, SC Aerospace Chairman and CEO of Ranger Aerospace “The conference had a larger attendance than expected! (525…
Family-owned precision manufacturing companies in South Carolina now have a viable option for maintaining and improving their life’s work should they decide to sell. Premo Ventures, an equity firm based in Greenville, SC, will target baby boomers with manufacturing businesses generating an annual revenue of $500,000 to…
OMP Mechtron, LLC, a manufacturer of mechanical parts and electronic integration, is expanding its existing Midlands operations by establishing a new facility in Lexington County. The company is investing $2.9 million in its new operations, creating 20 new jobs over the next five years. OMP Mechtron, LLC…
Foreign investment in South Carolina continues as Mogul, a privately-owned company that focuses on the production of and sale of nonwovens, is establishing its first North American operations – Mogul South Carolina Nonwovens Corporation. The company is investing $17.6 million in its new operations, creating 38 new…
Shaw Industries, Inc. (Shaw) has announced it is investing at least $45 million in its Lexington County, S.C. carpet fiber plant for additional capacity for both nylon and polyester production. The investment will create more than 50 new jobs. “By continuing to invest in our people, processes…
Export initiatives have been a key priority for the state of South Carolina. Now, the The South Carolina Department of Commerce (SCDOC) has access to some additional resources. The SCDOC been awarded a State Trade and Export Promotion (STEP) grant from the U.S. Small Business Administration (SBA) for…