Marion County officials announced Friday that Precision Southeast Inc., a manufacturer of injection molded plastic parts, is expanding its operations in the area and expecting to create 140 new jobs. The company, which has headquarters in Myrtle Beach, is investing $16.6 million.
Marion County Administrator Tim Harper said he's pleased to have the expansion located in a brand new spec building at the Marion County Industrial Park on Gurley Road and U.S. 501. The 50,000-square-foot facility was completed in 2013 and can expand to 200,000 square-feet.
"We're excited that they decided to expand in Marion County," he said. "Precision Southeast has been in operation for nearly 35 years and certainly they have shown dedication in Marion County and acknowledging that there is an opportunity for growth."
Harper thanked Pee Dee Electric Cooperative and partners for construction on the spec building. "Those types of buildings are need for today's manufacturing industry," he said.
According to a press release, Precision Southeast CEO Steve Stadtman said it’s great to see his home state, which is not only business-friendly but also a great place to live, on the cutting edge of creating top manufacturing jobs.
"We have enjoyed working closely with the economic development staffs in both Marion and Horry counties, and we plan to partner in greater depth with the state’s technical institutions to develop people who want to stay here and work in high value-added jobs for years to come," he said. "We would like to thank the county staff and the state’s Department of Commerce for their interest and support in our competitiveness and our growth, and how that can improve the quality of life for hundreds of South Carolinians."
Officials said the announcement complements recent growth of the company’s existing Horry County operations, which represented $2 million in investment and 60 new jobs hired at that site.
“On behalf of Marion County and Marion County Council, I would like to thank Precision Southeast for their continued commitment in Marion County and look forward to a long-term relationship for future growth," Marion County Councilman Buddy Collins said. "Precision’s decision to move into the County spec building culminates a partnership between Marion County and Pee Dee Electric Cooperative to improve economic development in the County. It also emphasizes the importance of existing industry and the significant impact it has on our community.”
Founded in 1980, Precision Southeast produces sporting goods, agricultural, industrial, assembled, automotive, decorated, insert molded and power tool parts, the press release said. The firm also offers assembly and packaging services.
Precision’s Marion County operation employs 80 workers.
The Coordinating Council for Economic Development approved an $800,000 Rural Infrastructure Fund grant and job development credits for the project to expand on the 12-acre site.
The anticipated jobs will range from entry level to highly skilled technical molding and machining positions, in addition to sales, management, finance, procurement, and information technology and various supporting roles, the press release said.
Harper said the building acquisition should be completed in January 2015 and hiring for the new positions will begin in March 2015.
Those interested in applying can email firstname.lastname@example.org . For more information on Precision Southeast, visit www.precisionsoutheast.com .