Orion Performance Compounds Inc. is opening a new manufacturing site in Lugoff, S.C.
Orion is investing $13 million in the 50,000-square-foot plant, according to a news release from the South Carolina Department of Commerce. The project will create as many as 54 jobs. The plant is expected to be operational by the second quarter of 2023.
Orion makes engineered plastic compounds using carbon fiber, lubricants and other additives to make materials for automotive, aerospace, medical and other markets.
The state is providing job development credits for the project and also is providing Kershaw County, where the plant will be located, with a $300,000 grant to assist with costs of building improvements.
The Lugoff site "was selected after an extensive multi-state search," Orion Chief Operations Officer Tom Drye said in the release. "Combined with convenient access to multiple interstate highways with which to service a large geographic customer base, the selection process was made easy."