Turkey-based copper wire manufacturer to invest $34M in South Carolina operation

A Turkey-based copper wire maker revealed on Tuesday it is investing $34 million in South Carolina to develop a 91,000-square-foot center that will produce superfine electrolytic oxygen-free (EOF) copper wire in Fairfield County.

Mega Metal, which has more than 700 workers and disperses items to more than 30 nations, stated the task will develop 135 brand-new tasks.

When totally functional, the center is anticipated to produce 55 million pounds of wire each year.

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” This financial investment in Fairfield County is not just a production turning point– it is a reflection of our long-lasting dedication to the North American market,” stated Mega Metal Inc. board chairman Cuneyt Turgut. “We are happy to grow along with the state of South Carolina, add to the local economy and develop a structure of commercial quality.”

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” Through this financial investment, Mega Metal is poised to end up being a crucial gamer in the U.S. supply chain, using tactical assistance to high-demand markets throughout the continent,” Turgut included.

Operations are anticipated to be online in September, according to the release.

” This $34 million financial investment and 135 brand-new tasks will bring chance to Fairfield County, increasing the area’s economy,” South Carolina Gov. Henry McMaster composed in a declaration. “Production is flourishing in South Carolina, and I’m positive Mega Metal will be well-positioned with our strong labor force.”

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The task will be Mega Metal’s very first South Carolina operation.

The Coordinating Council for Economic Advancement authorized task advancement credits connected to the task.