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Kiswire, Inc. to commence second phase of Newberry County expansion

November 24, 2014

$30 million investment to result in an expected 45 new jobs

Kiswire Inc., a manufacturer of steel cord and bead wire, is commencing the second phase of its Newberry County expansion. This phase, a $30 million investment, is expected to result in 45 new jobs in Newberry, S.C. The first phase of Kiswire Inc. Steel Cord Division, announced in January 2013, represented a $15 million investment and 30 new jobs, which came to fruition when production began at its new manufacturing site in December of last year.

Kiswire Co. Ltd., which was founded in 1945 and is headquartered in South Korea, is the parent company of Kiswire, Inc. Established in 1999 and based out of Newberry, Kiswire, Inc. produces steel cord and bead wire for the tire industry. When this expansion is completed, Kiswire, Inc. expects to have all tire companies in the U.S. on its client list.

Phase two of the steel cord operation is construction of the Plating Operation Building. Located at 90 Twin Springs Road in Newberry, the construction of this building will add 170,000 square feet to the current facility and will include additional machines. The facility will convert high carbon steel rod through a process that involves drawing, heat treating, and electro-plating to supply the current building. Construction is expected to begin in December, 2014.

Upon completion of this expansion, Kiswire, Inc. will employ approximately 200 between its two Newberry locations. Hiring for the 45 new jobs is expected to begin in the spring. To join the Kiswire team, please visit the company's global recruiting page. For more information on Kiswire, Inc. please visit www.kiswire.com.



QUOTES

"The Kiswire Inc. group is pleased and excited about our manufacturing growth in Newberry County. During the last 15 years, the tire bead wire plant has exhibited continual increases in production and is currently at maximum capacity. The expansion of the tire manufacturing business in South Carolina and the southeastern United States has brought great opportunities for us as a supplier. This new steel cord plant positions Kiswire as a major supplier to this growing tire business. We are proud to be part of the bright future in South Carolina." -- Jim Goodrich, Kiswire Inc., Steel Cord Division, Plant Manager

"Kiswire is a great South Carolina company that has been operating in our state for 15 years and their expansion is further proof that companies in the tire industry continue to find success here. We thank Kiswire for their commitment to doing business and growing in our state, and congratulate them on the decision to invest $30 million and create 45 new jobs in Newberry County." -- Gov. Nikki Haley

"It's no secret that South Carolina is having great success in both the tire industry and foreign direct investment arenas. I'm proud that global firms, like Kiswire, are recognizing this and deciding to grow their businesses in our state." -- Secretary of Commerce Bobby Hitt

"Kiswire's growing importance as a supplier to the tire industry is something Newberry County is proud to be associated with. The company is a significant source of advanced manufacturing jobs and represents the very best of corporate citizenship. The new steel cord plant is truly a welcome addition to our economy." -- Newberry County Council Chairman Henry H. Livingston, III

"Kiswire is a technologically advanced global company that continues to strengthen ties with Newberry County and South Carolina. We are grateful for this announcement of new capital investment and jobs. The Central South Carolina Region has emerged as the leader in tire manufacturing in the United States and Kiswire plays a prominent role in supporting this growth by providing a quality product." -- Central SC Alliance Chairman Mike Brenan

FIVE FAST FACTS

  • Kiswire, Inc. is continuing the second phase of its Newberry County expansion.
  •  $30 million investment creating an expected 45 new jobs.
  •  Kiswire, Inc. Steel Cord is located at 90 Twin Springs Road in Newberry, S.C.
  •  Once the expansion is completed, Kiswire, Inc. will employ approximately 200 at its two Newberry facilities.
  •  To join the Kiswire team, please visit the company's global recruiting page.


About Kiswire, Inc.
Kiswire Inc. manufactures steel cord and bead wire. The company was founded in 1999 and is based in Newberry. Kiswire Inc. operates as a subsidiary of Kiswire Co. Ltd. which is headquartered in Seoul, South Korea. For more information about the company, please visit www.kiswire.com.

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