DCC Metal Recycling Upscales its Business with a $11M Investment in South Carolina
DCC Metal Recycling Enhances the Industrial Landscape of South Carolina
Contributing to the expanding economic landscape of South Carolina, DCC Metal Recycling, a recognized name in the metal recycling industry, is introducing its seventh venture in the state. The company intends to invest $11 million into the creation of a new shredding and recycling hub, promoting economic development within the region.
The new facility, sprawling over a 48-acre site in Dillon County, is projected to provide 78 fresh employment opportunities for locals, as announced by the South Carolina Department of Commerce. The enormous investment symbolizes the company’s commitment to the promotion of the local economy by creating new job opportunities and supports the procurement of metal recyclables from local scrap dealers and the general public.
Why Dillon County?
Donald R. Brewer Jr, President and CEO of DCC Metal Recycling justified selecting Dillon County for their new venture, citing the county’s appealing location, proximal to South Carolina’s new inland port and the city of Dillon. Moreover, the active participation and contribution of SC Ports towards businesses such as DCC Metal Recycling further bolstered their decision. SC Ports offer direct rail access to the Port of Charleston, thereby providing companies quick access to international markets and ensuring swift movement of goods within the supply chain.
The new facility of DCC Metal Recycling is expected to be operational by the first quarter of 2025. Founded in Hemingway, South Carolina, in 1943, the company has since been a leading light in metal shredding and recycling.
Other Major Investments in the Region
In another major announcement, the Matica Group, a global identity and payment solutions provider, is to set up its first North American manufacturing facility in Spartanburg County, South Carolina. This venture nurtures an investment of $2 million and is projected to create 40 new jobs in Greer. The company, headquartered in Switzerland, currently boasts a multifaceted portfolio of 200 employees and 11 facilities across the globe. The inauguration of their new Greer site is expected by July 2024.
The Coordinating Council for Economic Development has given a green signal for job development credits for both these projects, thus adhering to the growth and development trends in South Carolina and its dedicated workforce.
These massive investments from industrial goliaths are reshaping the industrial landscape of South Carolina, driving more job opportunities and economic development in the region. This could provide more momentum to the state’s already growing economy and set new benchmarks for sustainable industrial development.
Conclusion
The recent investments in South Carolina serve as a testament to the state’s conducive business climate and its calculated, effective measures to encourage industry and manufacturing. As South Carolina continues to attract high-quality companies like DCC Metal Recycling and Matica Group, it stands out as a preferred destination for businesses, hoping to establish a robust footprint in a rapidly growing economy.
