Precision Southeast Expands its Marion County Facility
December 5, 2014
Precision Southeast, a manufacturer of injection molded plastic parts, is expanding its operations. Headquartered in Myrtle Beach, SC, the company is investing $16.6 million in its Marion County manufacturing operations, creating an expected 140 new jobs over the next five years. This expansion complements recent growth of the company’s existing Horry County operations, which represented $2 million in investment and 60 new jobs hired at that location.
The company, which has grown significantly over the past 35 years, is relocating to the Marion County Spec Building, which was developed in partnership between the county and Pee Dee Electric Cooperative.
SCEDIF & Santee Cooper Economic Development Loan Programs
Pee Dee Electric Cooperative
“We were so excited when Precision Southeast made the decision to reinvest in our community — the community in which the company had experienced significant growth and success. The company will be moving their operations to the Marion County Spec Building, developed between the county and Pee Dee Electric Cooperative. It was gratifying to see Precision Southeast select the space because it speaks to the company’s overall satisfaction with Marion County’s community, workforce, and business climate.”
— Dr. Julie M. Norman, CEcD Executive Director, Marion County Economic Development Commission
“It’s great to see that my home state is now on the cutting edge of creating top manufacturing jobs. We have enjoyed working closely with the economic development staffs in both Marion and Horry counties, and we plan to partner in greater depth with the state’s technical institutions to develop people who want to stay here and work in high value-added jobs for years to come.”
— Steve Stradtman, CEO, Precision Southeast
“Precision Southeast is a perfect example of expansion success where SCEDIF monies were used. The Marion County Spec Building made an ideal location for Precision Southeast’s desired increase in machine sizes, service offerings, and logistics for the number of industries they serve, with space for future growth. Their decision to remain in Marion County demonstrates the company’s fulfillment with our community. By staying here, jobs are preserved and new ones are added. We are grateful to the SC Department of Commerce and our partners — Santee Cooper and the SC Power Team for making an impact, and ultimately helping keep a vital company in our county.”
— Brian Kelley, Acting CEO, Pee Dee Electric Cooperative