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Thursday, November 7, 2024

Sandvik Coromant invests $29M to expand operations in Oconee County

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Governor Henry McMaster | Governor Henry McMaster, SC

Governor Henry McMaster | Governor Henry McMaster, SC

Sandvik Coromant, a tooling solutions supplier, announced an expansion of its operations in Oconee County with a $29.4 million investment aimed at improving its Westminster production facility.

Part of the global industrial engineering group Sandvik, Sandvik Coromant specializes in producing carbide inserts and round tools for the metal cutting industry. The Oconee County facility manufactures over 2,300 standard and customized carbide inserts.

The investment will fund updated machinery and automation processes at the company's manufacturing facility located at 2424 Sandifer Blvd. in Westminster. Operations will be phased in over four years.

“Oconee County has been our home since 2002. Sandvik Coromant’s Westminster site is the company’s state-of-the-art carbide manufacturing plant in North America and is known for its highly engaged, committed and passionate people," said Arun Pattanik, Production Unit Director at Sandvik Coromant. "We always want to make sure that we have the most current machinery and technology to serve our North American and global customers. This investment helps and supports the company’s long-term sustainability and strategic initiatives. We very much appreciate the local partnership with Oconee Economic Alliance and the support we get from the county and state. We look forward to our continued partnership and growth for both our company and the community.”

Gov. Henry McMaster remarked on the announcement: “We are happy to see Sandvik Coromant continuing to invest in Oconee County. This announcement is a testament to the thriving business climate we have cultivated in South Carolina that continues to benefit our existing companies.”

Secretary of Commerce Harry M. Lightsey III also commented: “Today’s announcement from Sandvik Coromant is another win for our state’s advanced manufacturing industry. We congratulate the company on this $29.4 million investment and look forward to its continued success in Oconee County.”

Senate President Thomas C. Alexander added: “I am pleased with Sandvik's commitment to expanding operations in Oconee County with an additional $29 million investment. This expansion underscores Sandvik's confidence in our community's skilled workforce and robust economic environment."

Jamie Gilbert, President of Oconee Economic Alliance, expressed enthusiasm: “Oconee County is thrilled that Sandvik Coromant will be investing and growing its Westminster operation."

The key facts include:

- Sandvik Coromant is expanding operations in Oconee County.

- The company is investing $29.4 million in its Westminster production facility.

- The firm produces manufacturing tools and machining solutions.

- The investment will be used for new machinery purchases and increased automation processes.

- The company's location is 2424 Sandifer Blvd., Westminster, S.C.

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