New Business

Pallidus, an innovative silicon carbide (SiC) wafer semiconductor manufacturer, today announced plans to relocate its corporate headquarters and manufacturing operations to York County. The company’s $443 million investment will create 405 new jobs.

Milo's Tea Company (Milo’s), a leading beverage company, today announced plans to establish its first South Carolina operations in Spartanburg County. The company’s $130 million investment will create 103 new jobs.

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Engineered Foam Packaging (EFP), a subsidiary of J.B. Poindexter & Co., Inc., today announced plans to establish operations in Lee County. The company’s $15 million investment will create 53 new jobs.

Established in 1954, EFP is a leader in the design and manufacturing of custom protective packaging and cold chain solutions.

FlexCold, a leading cold storage warehousing and logistics company, today announced plans to establish operations in Dorchester County. The company’s $49.9 million investment will create 59 new jobs.

Orion Performance Compounds, Inc. today announced plans to establish operations in Kershaw County. The company’s $13 million investment will create up to 54 new jobs.

A manufacturer of highly engineered thermoplastic compounds, Orion Performance Compounds, Inc. will blend melted resins with carbon fiber, lubricants and other additives to form custom materials for use in final markets such as automotive, aerospace, medical and more.

Redwood Materials, a producer of anode and cathode battery components for electric vehicles, along with Governor Henry McMaster, today announced plans to establish operations in Berkeley County. The company’s $3.5 billion investment, which marks the largest economic development announcement in the history of South Carolina, will create 1,500 new jobs.

Element Designs, one of the leading North American manufacturers of custom aluminum frame glass cabinet doors, today announced plans to relocate its headquarters and manufacturing operations to York County. The company’s $5 million investment will bring approximately 100 new jobs to Fort Mill over the next five years.

Moose Logistics & Distribution, a custom athletic sock distributor, today announced plans to establish operations in Horry County. The company’s more than $2.6 million investment will create 75 new jobs over the next five years.

Kontrolmatik Technologies, via its subsidiary Pomega Energy Storage Technologies, today announced plans to build a 3 gigawatt-hour (GWh) capacity lithium-ion battery factory in Colleton County. The company’s $279 million investment will create approximately 575 new jobs.