Metglas, Inc plans $4 million expansion of Conway facility
Fri, 08 Mar 2013 20:31:37 GMT —
Metglas, Inc. announced its second Conway facility expansion in five years, Friday.
Metglas is one of the largest manufacturing companies in the area, with more than 200 employees.
The company is one of the world's leading producers of Amorphous Metal Ribbon.
The latest expansion includes insourcing a cutting operation for their raw materials process. The company also built a raw materials building to be able to handle and sort the materials in a faster more efficient manner.
"The decision to expand again here was inevitable. We have made these two investments to the Conway facility because we believe this is a good place to do business and are committed to the community. This latest expansion allows us to do more in-house and expand our operation more efficiently," said Dodd Smith, Metglas, Inc., President.
The Metglas expansion is one of five area expansions over the last year in Horry County. The others included AvCraft Technical Services, Frontier Communications, Native Sons and Canfor Southern Pine.
"We are excited to see one of our top manufacturing facilities in the area reinvesting in their facility once again. The expansion will bring new tax revenue to the area and is an indicator that the facility and the jobs associated with it will be here for years to come," said Brad Lofton, MBREDC President & CEO.