The $3.5 million investment is expected to generate 50 new jobs over the next five years, according to the South Carolina Department of Commerce.
Composite Resources will buy five additional acres of land adjacent to its current site in Rock Hills Tech Park, adding a 60,000-square-foot facility to the companys existing 52,000-square-foot facility. The expansion will provide a dedicated production plant for specialty contract manufacturing work for military and medical products.
The new addition to our campus will allow us to increase our capacity and meet growing demand for our services and products, said Jonathan Bennett, president and CEO of Composite Resources. South Carolina has proven to be a perfect fit for our company, providing us with an excellent business environment and a strong workforce. We appreciate all the support weve received from state and local officials.
Composite Resources engineers and produces components and assemblies for a variety of applications including industrial, military, medical and aerospace. The companys products include a combat tourniquet, a medical comfort device, filtration and purification tubing, radar detection casings and airline seat frame supports.