Clover, S.C.-based The PermaShrink Co. plans to invest $3.3 million in a new 30,000-square-foot production plant and grow its staff from five to 16.
The Clover plant, in Westgate Industrial Park in York County, will be the “most technologically advanced plant of its type in the world,” Christopher Clickner, vice president and managing director, said.
The plant will manufacture SanforSet rubber shrinking belts, used to preshrink textile fabrics for cloth manufacturers in 82 countries. More than 95 percent of production is slated for export to 2,000 customers on six continents.
“York County Natural Gas Authority has offered us a building which suits all of our needs and York County offers an ideal business environment and the availability of an excellent work force,” Clickner said.
It is the second announcement of an expansion for a textile manufacturing company in Clover in as many weeks.
Mount Pleasant, N.C.-based Tuscarora Yarns, another textile manufacturer, announced Dec. 4 that it will invest $3.5 million and hire 40 employees during the next three years at its Guinn Street plant in Clover.
Tuscarora plans to increase production capacity by 20 percent at the plant by adding equipment and a small addition to the building. The facility has 150 employees, a third of which were hired in the past year.