ALLTAPE to Establish Operations in Lexington County with $70 Million Investment

News Summary

Lexington County is celebrating a major win as ALLTAPE Adhesive Manufacturing Inc. reveals a $70 million investment to establish its first operational base in South Carolina. This initiative will create approximately 130 new jobs and contribute positively to the local economy. The new facility, located in Saxe Gotha Industrial Park, aims to encompass 125,000 square feet and is expected to begin operations by July 2026. With a focus on sustainable products, this exciting development promises significant benefits for the community.

Exciting News for Lexington County: ALLTAPE to Set Up Operations with Major Investment!

Lexington County is buzzing with excitement as ALLTAPE Adhesive Manufacturing Inc. has officially announced plans to invest a whopping $70 million in the area! This marks a big moment for the county as ALLTAPE has chosen it to establish its first operational base in South Carolina.

Creating Jobs and Boosting the Local Economy

As part of this impressive initiative, ALLTAPE is set to create around 130 new jobs for local residents. This is fantastic news for the community, fueling optimism and growth in what has recently been a challenging economic landscape. The new facility will be positioned in the well-planned Saxe Gotha Industrial Park, an area that is poised to benefit from this exciting development.

A Look Inside the New Facility

The forthcoming facility is set to encompass a generous 125,000 square feet of combined production and office space, making it a substantial addition to the industrial landscape in Lexington. This new facility is expected to commence operations by July 2026, providing plenty of time to get everything up and running smoothly. With such a significant investment, it’s clear that ALLTAPE is ready to plant roots and thrive in South Carolina.

What is ALLTAPE?

For those unfamiliar, ALLTAPE is a key player in the adhesive manufacturing scene. Operating under the umbrella of the Germany-based ATP Group, ALLTAPE specializes in producing sustainable and solvent-free adhesive products. Their water-based adhesives find applications across various sectors, including automotive, transportation, foam, and plastics, reflecting a commitment to environmentally friendly innovations.

Community and Economic Development Support

The local government is on board with ALLTAPE’s grand plans, with the Lexington County Council expressing enthusiasm about the economic boost this investment will bring. The news has been welcomed as a testament to the county’s strong business climate that attracts big players like ALLTAPE. To further facilitate this project, the Coordinating Council for Economic Development has approved job development credits, and an added $600,000 Set-Aside grant has been provided to assist with the crucial site preparation and building construction tasks.

Community Leaders Share their Excitement

Local leaders couldn’t be happier with ALLTAPE’s decision to establish operations in Lexington County. The Chairman of the Central SC Alliance has shared how thrilled everyone is about bringing this innovative manufacturer to the region. The economic impact is expected to ripple through the local market, benefiting businesses and residents alike.

A Bright Future Ahead

With ALLTAPE’s commitment to eco-friendly practices and sustainable products, their arrival in Lexington County not only paves the way for job growth but also encourages a greener business approach in the region. As operations ramp up in the next few years, it’s clear that the community should brace itself for a wave of positive changes.

In conclusion, ALLTAPE Adhesive Manufacturing Inc.’s decision to invest significantly in Lexington County signals a bright future ahead. With new jobs on the horizon, an infusion of capital, and a focus on sustainability, this exciting development has set the stage for a thriving industrial landscape in South Carolina. Lexington County residents can look forward to a year full of splendid opportunities and growth—stay tuned as we watch this story unfold!

Deeper Dive: News & Info About This Topic

HERE Resources

ALLTAPE to Establish New Facility in Lexington County
ALLTAPE to Open New Manufacturing Plant in Lexington County

Additional Resources

• Columbia Business Report
• Wikipedia: Lexington County, South Carolina
• The State
• Google Search: Lexington County economic development
• Greenville Business Magazine
• Google Scholar: Lexington County job creation
• Lexington County Sheriff
• Encyclopedia Britannica: South Carolina
• Cola Daily
• Google News: Lexington County business news

Author: HERE Lexington