A global textile manufacturer will put down its U.S. roots in Travelers Rest, S.C. with the creation of Cold Mountain Material Corporation, the Greenville Area Development Corporation (GADC) announced Wednesday.
In an effort to better serve its expanding North American customer-base, and the rapidly growing automotive sector in South Carolina, the China-based, Suzhou Glacier Import & Export Co., Ltd., will invest $24 million to open a new manufacturing facility, creating an expected 109 new jobs.
GADC President and CEO Mark Farris credits an existing facility to the project’s success.
“The facility in Travelers Rest was a critical component to this deal,” he said “From our initial discussions with Suzhou we understood what they were looking for in a factory, and we shared these insights with potential locations and briefed the key stakeholders to ensure we’d be able to bring this deal to a close with both parties.”
The company’s Greenville County operations, the newly formed Cold Mountain Material Corporation, will be housed in an existing 170,000-square-foot building located at 19 Page Court in Travelers Rest. Solely focused on serving the automotive industry, the facility will produce fabric for automobile interiors.
“The City of Travelers Rest is pleased to welcome another high quality manufacturer to our community,” said Travelers Rest City Administrator, Dianna Turner.
“We have worked tirelessly to create a prosperous community that is balanced in housing, employment, commercial development, and recreation,” she said. “Recruitment of new industry is a critical part of that equation, as it provides jobs for our outstanding workforce.”
The Coordinating Council for Economic Development has approved job development credits related to the project. The facility is anticipated to be fully operational within the next year.