A China-based recycling company is bringing hundreds of jobs to the Upstate.
Green Tech Solution plans to invest $75 million in a new recycling facility at 210 Henson Road in Blacksburg, according to a news release. The 180,000-square-foot facility is expected to open in the second quarter of 2019 and create about 200 new jobs.
“We could not be more excited to locate our new recycling operations in Cherokee County, a location that has everything we need for our investment to succeed,” Green Tech Solution CEO Richard Young said in a statement. “None of this would be possible without the assistance of the local and state allies that have supported our new endeavor.”
Green Tech Solution is a subsidiary of Tianjin Sheng Xin Non-Financing Guarantee Co., an investment company headquartered in Tianjin, China.
The company’s recycling center in Blacksburg will collect and process a variety of materials, including plastics, scrap metal, and electronics. Hiring should begin in February 2019.
Cherokee County Council Chairman Tim Spencer said the company’s new facility in Blacksburg will help boost the local economy.
“Cherokee County welcomes Green Tech Solution to our community,” Spencer said in a statement. “Their investment of $75 million and the creation of 200 new jobs will greatly increase the standard of living for many Cherokee County residents. We appreciate Green Tech Solution selecting Cherokee County for the project and bringing new life to one of our available industrial buildings.”
South Carolina Secretary of Commerce Bobby Hitt said he’s looking forward to “seeing the difference these 200 news jobs will make in the Cherokee County community.”
He also noted, “South Carolina’s recycling industry continues to enjoy tremendous growth, and foreign investment has played a large role in this.”
The recycling industry brings a $13 billion boost to the state’s economy every year, according to a report from the South Carolina Department of Commerce. South Carolina is home to more than 500 recycling companies, including collectors, processors, recycled product manufacturers, and equipment makers.
In the past five years alone, the South Carolina Department of Commerce has helped facilitate the recruitment of 2,477 jobs, $1,129 million in capital investment, and 42 new or existing companies in South Carolina’s recycling industry.
The Coordinating Council for Economic Development, which was established by the South Carolina Department of Commerce, has approved job development credits for Green Tech Solution’s new recycling operation, according to the release.
For more information, visit sccommerce.com.