Posted August 8, 2017

 

Editor's note: No other information, including a company website, other than what is provided in this press release, could be obtained.

 

COLUMBIA, S.C. – Fiber Industries LLC is preparing to open a new textile production operation in Darlington County, S.C., the S.C. Dept. of Commerce announced.

 

Expected to be operational in early 2018, this development is projected to bring more than $30 million of capital investment and lead to the creation of at least 135 new jobs.

 

A privately held company, Fiber Industries was established by MHR Fund Management LLC, a New York-based investment firm, in order to restart the Palmetto Plant in Darlington, S.C. The management team, Andrew Rosenfeld and Leandro Carboni, has more than 60 years of combined experience in working at senior-level positions in the chemical, oil and gas industries, along with strong backgrounds in financial, commercial and plant operations.

 

"Fiber Industries is excited about the opportunity to restart the Palmetto Plant and bring jobs to the Darlington area,” said Rosenfeld and Carboni, in a co-attributed quote. “The management team has been very impressed with the local workforce capabilities observed during its due diligence process. The support of the state and the local community has been an additional plus to help move this project forward."

 

Located at 1000 East McIver Road in Darlington, S.C., the company expects to begin hiring for the new positions in the fourth quarter of 2017.

 

The Coordinating Council for Economic Development has approved job development credits related to this project.

 

"Manufacturing continues to thrive in the Palmetto State and, as a result, South Carolina's economy is on top of the world,” said S.C. Gov. Henry McMaster. “Today, we celebrate Fiber Industries LLC and the jobs they are bringing to Darlington County. We are proud that they have decided to do business in our state and look forward to watching them succeed here."

 

Source: Fiber Industries LLC