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August 26, 2014
Innovative
Machining Technology to open manufacturing facility
in
Dorchester County
$7.8
million investment expected to create 34 new jobs
COLUMBIA, S.C. – Innovative Machining Technology, Inc. (IMT), a
global supplier of original equipment manufacturer (OEM) components for the
power generation industry, is opening a new manufacturing facility in
Dorchester County. The $7.8 million investment is expected to create 45 new
jobs.
In 1988, IMT established its
corporate presence in Pennsylvania. Today the company has three facilities in
two states including the newest facility opening in Dorchester County. The
37,000-square-foot facility, located at 245 Deming Way in Summerville, will
manufacture components for power generation equipment, including gas
turbines, as well as nuclear and hydrogen generators that are in service
around the globe.
The new facility is expected to be operational in early 2015 with plans
to begin hiring new associates in late 2014. readySC will be assisting with
initial recruiting and training. Those interested in a position with IMT
should visit www.readysc.org/future for the latest information on
training opportunities.
The Coordinating Council for Economic Development approved job
development credits for the project.
QUOTES
"IMT’s firm commitment
to quality and service is the reason for our continued success. We strive to
push our company into the future by constant improvement to our facilities
and to our work process. We feel that Dorchester County is a perfect fit and
are excited to utilize the resources that South Carolina has to offer." -Joseph Lomanto, president and
owner of IMT
"We are excited to
welcome IMT to South Carolina’s booming manufacturing industry. We
congratulate them on their decision to invest $7.8 million and create 45 new
jobs in Dorchester County." -Gov.
Nikki Haley
"Our manufacturing
sector continues to be a big driver of South Carolina’s economy. It’s no
wonder that a prestigious company such as IMT would choose to open a facility
here. Their commitment and service to our state is preparing us for an even
brighter economic future." -Secretary
of Commerce Bobby Hitt
"We welcome Innovative
Machining Technology to Dorchester County. Their decision to locate
here is a testament to our talented workforce and business friendly
environment. Dorchester County looks forward to many years of success
with IMT." -Bill
Hearn, chairman of Dorchester County Council
FIVE FAST FACTS
- Innovative
Machining Technology, Inc. (IMT) is opening a new manufacturing facility
in Dorchester County.
- $7.8
million investment
to create 45 new jobs.
- IMT
is an OEM component manufacturer and supplier to the power generation
industry.
- The
Pennysylvania-based company has three facilities in two states.
- Summerville
facility expected to be operational in early 2015 with hiring
through readySC to begin in late 2014.
About S.C. Department of
Commerce
As South Carolina’s leading
economic development agency, the Department of Commerce works to recruit new
businesses and help existing businesses grow. Commerce has recruited
world-class companies to South Carolina such as Boeing, Bridgestone,
Continental, Monster.com, ZF Group, BMW and Google Inc. and also supports
small and existing business, rural development initiatives and community
development. Commerce partners with the S.C. Technical College System via readySC to support workforce training and recruiting, and
with the S.C. Department of Employment and Workforce, which
provides worker training and employment opportunities within the state. South
Carolina ranked first in the nation for attracting jobs through foreign
investment, according to IBM-Plant Location International reports in both
2012 and 2013. The state won the Gold Shovel Award and the Project of Year
Award from Area Development magazine in 2012. For more information, visit www.SCcommerce.com.
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