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The South Carolina Department of Commerce, Richland County and the Central S.C. Alliance recently announced that Koyo Corporation of U.S.A. will increase its investment in its Richland County facility. The company will invest approximately $30 million in land, building and equipment at its facility in Blythewood to preserve existing employment levels. The Department of Commerce, Charleston County Economic Development Department and the City of Charleston also announced that Charles River Laboratories International, Inc. will expand its presence in Charleston with a new research and warehouse facility
�We are pleased to be expanding our operations in South Carolina. We�ve operated our plant in Blythewood for more than a decade and look forward to continuing to grow in the Midlands. South Carolina has long provided our company with a positive business environment and a strong workforce. We appreciate all the support we�ve received from state and local officials,� said Yoichi Teramoto, vice president of administration for Koyo Corporation of U.S.A. Koyo Corporation expects to begin installation of equipment in 2009. The company plans to install two new production lines in the Richland County facility. �Koyo Corporation is an industry-leading supplier of bearings to industrial OEM and automotive manufacturers. The company�s decision to expand its operations in South Carolina is a testament that our business-friendly climate and skilled workforce are working to continually attract investment and grow our existing business. Thanks to the team effort of state and local officials, Richland County will benefit from this investment now and in the future,� said Joe Taylor, Secretary of Commerce. �Richland County has a very pro-business environment, and Koyo�s $30 million expansion is a testament to that. We are thrilled to support Koyo in its expansion efforts here, and we look forward to a continued prosperous relationship,� said Valerie Hutchinson, acting chair of Richland County Council. �Koyo Corporation has a long history in South Carolina, and we are pleased to see them once again invest in South Carolina. We greatly appreciate the continued commitment to Richland County by the company and look forward to supporting their continued growth and development,� said Central S.C. Alliance chairman Jim Apple. Koyo Corporation of U.S.A. is a major supplier of bearings to the automotive industry. The company is a Tier 1 and Tier 2 supplier to Toyota, Honda, Ford, General Motors, Daimler Chrysler and BMW. Koyo Corporation of U.S.A. established the Blythewood plant in 1995, and also operates a manufacturing facility in Orangeburg County, which first opened in 1975. Charles River, expanding its presence in Charleston with a new research and warehouse facility, will invest approximately $20 million and hire 60 research and production workers over the next five years. �We are thrilled to call South Carolina home and increase our investment in the local economy. The state�s commitment to the life sciences industry, skilled workforce and technological innovation makes South Carolina the ideal location for our expansion,� said Foster Jordan Corporate Senior Vice President, Endotoxin & Microbial Detection Products. For more than 60 years Charles River has been helping its global partners accelerate drug discovery and development by providing them with tailored research models, preclinical, clinical and support services. The Company�s offerings span the entire drug development process, from discovery through market approval, providing clients a seamless partnership throughout. In addition, Charles River also provides critical endotoxin and microbial detection products and services that are necessary for the safe manufacture of new therapeutics. �Charles River�s growth in South Carolina is strong testament to the state�s skilled workforce and a pro-business climate that support growth and technological innovation. Thanks to the team efforts of state and local officials, Charleston County will benefit from this investment,� said Joe Taylor, Secretary of Commerce. South Carolina is headquarters to Charles River�s Endotoxin and Microbial Detection products and services division. These solutions are endotoxin detection systems that utilize FDA-licensed technology and are necessary for the confirmation of safe manufacture and release of product. Charles River�s Endotoxin and Microbial Detection group supply the scientific community with innovative products that increase laboratory efficiencies and improve test performance. �Our hearty congratulations go out to Charles River on this expansion,� said Joe McKeown, Vice-Chairman of Charleston County Council. �The company is a bona fide Charleston success story, and their stature in the medical world is colossal. The Charles River story provides first-hand evidence of the viability of our growing Charleston life sciences sector.� �Charles River Labs is an important part of Charleston�s growing life sciences community. Their expansion in our community validates that Charleston has all the ingredients that allow life science companies to grow and thrive,� said Charleston Mayor Joseph P. Riley, Jr. Charles River provides essential products and services to help pharmaceutical and biotechnology companies, government agencies and leading academic institutions around the globe accelerate their research and drug development efforts. Our more than 9,000 employees worldwide are focused on providing clients with exactly what they need to improve and expedite the discovery, development through first-in-human evaluation and safe manufacture of new therapies for the patients who need them. (Image provided by the City of Beaufort.)
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