China Hengshi Foundation Company launching Richland County operations

Fiberglass manufacturer investing $11.1 million and creating 48 jobs 

COLUMBIA, S.C. - China Hengshi Foundation Company, a fiberglass fabric provider, is locating new operations in Richland County. The company's new facility is expected to bring $11.1 million in capital investment and lead to the creation of 48 jobs.

Founded in 2000, China Hengshi specializes in the research, development, production and marketing of a variety of fiber-weaving products for export around the world. Primarily used in wind turbine blades, the company's products are also utilized in space flight, aviation, construction, transportation, environmental protection and more.

Located at 1440 Atlas Road in Columbia, S.C., the company intends to have its 111,000-square-foot manufacturing facility operational by the fourth quarter of 2017. Hiring for the new positions is expected to begin in the third quarter of 2017, and interested applicants should visit the company's website or contact lewis.stern@hengshiusa.com. ReadySC has also established a microsite to assist in hiring for China Hengshi.

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

QUOTES

"Today marks another milestone for our company as we are starting our first South Carolina operations. We are very excited about the future of our company and are thrilled that we can support the local community as we launch this new facility." -China Hengshi Foundation Company Ltd. Chairman Zhang Yuqiang

"We're proud to welcome China Hengshi to the South Carolina business community. It's a privilege to welcome any company that has decided to do business here, but the 48 new jobs that this investment means for Richland County is an important step forward to continuing the growth of our manufacturing industry." -Gov. Henry McMaster

"South Carolina has long been a strong player in both manufacturing and foreign direct investment, and this tremendous $11.1 million investment only reinforces that notion. We look forward to our new partnership with China Hengshi Foundation Company." -Secretary of Commerce Bobby Hitt

"China Hengshi's announcement is a further demonstration that Richland County's decision to invest in economic development is paying dividends." -Richland County Council Chair Joyce Dickerson

FIVE FAST FACTS

• China Hengshi Foundation Company is locating new operations in Richland County.
• $11.1 million investment to create 48 new jobs.
• China Hengshi is a leading provider of fiberglass fabrics to the wind turbine industry.
• Located at 1440 Atlas Road in Columbia, S.C., the company's new facility should be operational by the fourth quarter of 2017.
• Hiring should begin in the third quarter of 2017, and interested applicants should visit the company's website or contact lewis.stern@hengshiusa.com.  

About S.C. Department of Commerce

As South Carolina's leading economic development agency, the Department of Commerce works to recruit new businesses and help existing business grow. Commerce has recruited world-class companies to South Carolina such as BMW, Boeing, Continental, Giti Tire, LPL Financial Holdings, Mercedes-Benz Vans, Toray and Volvo Cars and also supports startups, small and existing business, innovation and rural development initiatives. Commerce partners with the S.C. Technical College System via readySC to support workforce training and recruiting, and with the S.C. Department of Employment and Workforce, which provides worker training and employment opportunities within the state. In three of five years, IBM-Plant Location International reports ranked South Carolina first in the nation for attracting jobs through foreign investment, per capita. The state won the Gold Shovel Award and the Project of Year Award from Area Development magazine in 2012, 2014 and 2015. For more information, visit www.SCcommerce.com.

Media Contact:

Adrienne R. Fairwell, APR
Director of Marketing & Communications
South Carolina Department of Commerce
(803) 737-1998
afairwell@sccommerce.com
www.SCcommerce.com 

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