KRA Operations LLC, a subsidiary of South Korea-based Precision Co. Ltd., is establishing its first U.S. operations in Newberry County with an $11.5 million investment expected to create 57 jobs.
The 110,000-square-foot metal stamping and injection molding facility will serve existing clients in South Carolina, according to a news release from S.C. Gov. Henry McMaster’s office.
“In examining where to locate our first U.S. operation, we became convinced that South Carolina and particularly, Newberry County, would be a great place to do business,” Wonyoung “William” Chang, KRA Operations president, said in the release. “From the beginning of construction to starting our operations, we have experienced first-class customer service, a reliable and skilled workforce and a business-friendly environment. We are very excited to have joined the business community of South Carolina and Newberry County and look forward to being contributing members of our community for years to come.”
The facility, located in the Mid-Carolina Commerce Park, is fully operational. The Coordinating Council for Economic Development approved job development credits related to the project, and a $400,000 set-aside grant was also awarded to Newberry County to assist with costs of site preparation and building construction.
“We believe Newberry County can compete with any other community in the world for quality manufacturing projects, and I think this announcement further demonstrates that ability,” Newberry County Council Chair Henry H. Livingston III said. “We’re delighted to welcome KRA Operations LLC to Newberry County and into our corporate community.”