Rapid Granulators Inc. is spending more than $5 million to build a second production facility to meet rising demand for its machinery. The Rockford, Ill., firm has broken ground on a 35,000-square-foot plant in Goose Creek, S.C., that will begin machinery production in September, according to Kirk Winstead, vice president of sales.
He estimated the project will boost Rapid Granulators' production capacity to about 2,500 units per year.
The company already makes granulators and recycling equipment at Rockford.
Winstead said the Goose Creek plant initially will employ 15, with 40 employees expected within two years.
The company might invest another $10 million in the plant during the next five years to boost area to 60,000 square feet and add more production equipment. It will start with bending, welding, machining and electrical equipment.
It also will subcontract out non-critical work.
Rapid Granulators said it chose Goose Creek in Berkeley County because of a skilled work force, local training programs, quality of life and undisclosed local and state incentives.
The company supplies North American markets, and its parent company, Industrivarden AB of Stockholm, Sweden, and affiliates supply markets elsewhere. Win-stead said Rapid Granulators also expects to take on South American sales, now handled from Europe, in a few years.
Winstead claimed granulator markets are relatively stable, but his firm is capturing market share.