SC business notebook

January 11, 2013 

Kiswire expanding Newberry tire cord plant, adding 30 jobs

Kiswire Inc., a maker of steel cord for the tire industry, will expand its manufacturing operations in Newberry County, the S.C. Department of Commerce said Thursday. The first phase will involve a $15 million investment and 30 new jobs. Construction of the new plant on U.S. 76 will begin within the next couple of months and production is expected to start by the end of the year. Hiring will begin in May. Potential employees should contact the SC Works office at 833 Main St. in Newberry.

DHEC lets permit stand for $35 million Charleston cruise terminal

unemployment ticks up slightly

Weekly applications for U.S. unemployment benefits ticked up slightly last week, the latest sign of stability in the job market. The Labor Department said Thursday that applications rose 4,000 to a seasonally adjusted 371,000, the most in five weeks. The previous week’s total was revised lower. The four-week average, a less volatile measure, increased 6,750 to 365,750, after falling to a four-year low the previous week. A department spokesman says all states reported data and none were estimated. In the previous two weeks, the department relied heavily on estimates because many states weren’t able to report data over the holidays.

The Associated Press contributed.

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