Company to invest $12 million, create 100 jobs in Dillon County

SourceColumbia Business Report
Date Published10/26/2017
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name KB Biotech Solutions
Parent companyAnhui Chem-Bright Bioengineering Co. Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):100
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2018
Domestically, the work will be done:In-house
Capital investment ($):12
Country(ies) from which reshored:China
City reshored to:Dillon
State(s) reshored to:SC
If relevant, work nearshored to:-
Product(s) reshoredNatural steroidal raw materials, e.g. cholesterol
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure (transport, internet, power), Skilled workforce availability/training, Proximity to suppliers
Government Incentive dollar amount:150000
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