Local & State
25 jobs a lot in Latta
Expert Machine & Fabrication, a maker of various engineered and fabricated products for the housing industry, is undergoing a $2.6 million expansion and plans to add 25 jobs in Latta, the S.C. Department of Commerce announced Wednesday.
The family-owned firm, founded in founded in 1999, also serves the military, manufacturing and electrical industries, the state business recruiting agency said.
The new, 21,000-square-foot facility wil nearly triple the size of the company’s existing site, officials said. The 25 new employees will more than triple its workforce to 36.
Fort Lawn getting new textile plant
Venus Group, Inc., a California-based textile manufacturer that specializes in linens, aprons, uniforms, towels and health care items, is establishing manufacturing operations in Chester County. The company is investing $2.5 million to open a facility in Fort Lawn. The investment is expected to create 25 new jobs.
Isle of Palms opposes offshore drilling
Isle of Palms is the fourth South Carolina coastal community to go on record in opposition to offshore drilling and the use of seismic air guns to explore for oil and natural gas.
Similar resolutions have been approved by council members in Edisto Island, Beaufort, and Port Royal.
Work starts on new 23-story Myrtle Beach resort
Construction is to begin in May on a 23-story resort in Myrtle Beach – a project that includes extending the city’s oceanfront boardwalk.
The $42 million resort, being developed by Buchanan Motels of Virginia, will have 252 units. Plans call for the developer to donate about $1 million to the city to extend the north end of the boardwalk by three blocks.
Nation & World
GM matches Toyota in dependability
Lexus, Buick, Toyota and Cadillac captured the top four spots in J.D. Power and Associates’ annual vehicle dependability study, which measures owner-reported problems in three-year-old vehicles.
Breaking down the results by segment, General Motors and Toyota each received seven “best in segment” awards. All four GM brands finished above the industry average of 147 problems per 100 vehicles. Complete results can be found at www.jdpower.com/dependability.
Ford’s luxury brand Lincoln ranked 7th with 118 problems per 100, but Ford brand slipped to 25th from 17th in 2014 with 188 problems per hundred.
• Sales of new U.S. homes were basically flat in January, evidence that recent job gains and relatively low mortgage rates have yet to spur the real estate market.
• A $100 million settlement has been reached between three major tobacco companies and hundreds of people who sued them for smoking-related deaths and illnesses in Florida federal court.
• Lowe’s fourth-quarter profit climbs as an improving economy gives homeowners more confidence to take on home projects.