Fiber Industries LLC plans to invest $30 million and restart a former textile mill in Darlington and create 135 jobs, according to a press release from Gov. Henry McMaster’s office.
The privately held company was established by New York-based MHR Fund Management to restart the Palmetto Plant. The management team, Andrew Rosenfeld and Leandro Carboni, has more than 60 years of combined experience in working at senior level positions in the chemical, oil and gas industries, along with backgrounds in financial, commercial and plant operations, according to the press release.
“Fiber Industries is excited about the opportunity to restart the Palmetto Plant and bring jobs to the Darlington area. The management team has been very impressed with the local workforce capabilities observed during its due diligence process,” Rosenfeld and Carboni said in a joint statement.
The plant, located at 1000 E. McIver Road in Darling, is expected to be operational in early 2018.
“Manufacturing continues to thrive in the Palmetto State; and, as a result, South Carolina’s economy is on top of the world,” McMaster said in a statement.
The Coordinating Council for Economic Development has approved job development credits related to this project.
“South Carolina has a long and storied history with textile manufacturing, and this announcement by Fiber Industries only adds to that tradition. This is tremendous news for Darlington County, and we look forward to the difference that these new jobs will make,” Commerce Secretary Bobby Hitt said in a statement.