Kiswire to Begin Second Phase of Newberry Expansion
25 Nov 2014
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. 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 2013.
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 will employ approximately 200 between its two Newberry locations. Hiring for the 45 new jobs is expected to begin in the spring.