BERKELEY COUNTY, S.C.–Stoba, a manufacturer of machined components for the automobile industry, is launching a new production plant in Berkeley County. The new development is expected to bring $7.7 million in capital investment and create 61 new jobs.
“Having a world-renowned company like Stoba choose to locate in Berkeley County is further proof that Berkeley County is open for business,” stated Bill Peagler, Berkeley County Supervisor. “Our commitment is to assist Stoba with job creation opportunities and additional business opportunities for many years to come.”
As a partner to the automotive industry, Stoba is a leader in the production of complex machined components for high-pressure injection systems.
“With this announcement, Stoba will be joining an impressive roster of globally-recognized firms that have decided to do business in the Lowcountry, and I look forward to watching them succeed there for many years to come,” stated S.C. Secretary of Commerce Bobby Hitt.
All set for our 4PM official welcome of German auto parts manufacturer #stoba to #BerkeleyCounty #chsnews pic.twitter.com/wHbzM00CgF
— Berkeley County SC (@BerkeleySCGov) September 13, 2016
Known for its innovative mass-production processes, the company has produced precision metal components for more than 50 years and employs more than 800 workers around the world at its four existing manufacturing centers and one machine manufacturing facility.
“After following our automotive customers to the fast-growing China market in 2013, we decided to grow our company also in the NAFTA market. This is mainly driven by the upcoming growing demand of fuel-saving gasoline direct injection systems in the U.S. Our research for the best possible location ended with a clear vote for the state of South Carolina. In addition to having one of our main customers located in Charleston, we have been supported from the beginning with an extremely professional team from the government and the CRDA. We also found a very good base of skilled people, which we require for our complex production systems. We are very pleased to finally find a perfect location and we are fully motivated to ramp up our business in Charleston,” stated Christoph Bode, Stoba CEO.
Located at 2301 Charleston Regional Parkway in Charleston, S.C., stoba will be leasing a 43,000-square-foot facility to produce machined steel products for the automotive industry, specifically the latest technologies for gasoline direct injection fuel systems.
Hiring for the new positions is expected to begin in the third quarter of 2016, and those interested in joining the stoba team should visit the company’s website at www.stoba.de/en/.
The Coordinating Council for Economic Development has approved job development credits related to this project.
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