Spartanburg County added another company to its roll of international businesses on Friday.
British manufacturer Holroyd Precision Rotors officially opened its new 35,000-square-foot facility at 130 Corporate Drive within the Corporate Center business park.
The company is a subsidiary of Precision Technologies Group (PTG), which was acquired by the China-based industrial group Chongqing Machinery and Electrical Co. (CQME) in 2010.
PTG’s CEO Tony Bannan, said the Spartanburg facility is the company’s first manufacturing operation in the U.S.
It represents a $15 million investment and is expected to initially create up to 25 jobs, he said.
“It has been an ambition of ours to (build a manufacturing plant in the U.S.),” Bannan said. “It’s very satisfying. The key for us is to be responsive to our customer base. We’re hoping that by being local and hiring a talented workforce we will be able to achieve success… We’re very pleased with the support we’ve received from state and local leaders.”
Holroyd, named after its founder John Holroyd, was established in 1861 in Manchester, England as a machine tool and textile machinery business, according to the company’s website.
The company’s core business is in production and sales of machine tools and components for niche markets.
It also operates manufacturing plants in the United Kingdom and China.
Colin Carr, managing director of Holroyd Precision Rotors, said growth in demand for the company’s components in the U.S. helped drive the company’s decision to bring a plant in Spartanburg.
He said the company considered several sites for the facility and nearly landed in Richmond, Va.
PecTec Corp., a supplier of metal products for the automotive industry, decided to move into a larger 52,000-square-foot building at 151 Corporate Drive, which created space for Holroyd’s operation.
“They are great to work with and I’m glad to have them here,” said Pete Weisman, owner and architect of Corporate Center. “This is the essence of what I wanted here when I envisioned this park… This park fills a huge gap in the market, catering to people who don’t need huge manufacturing plants.”
Carr said the company has already hired nine employees for the Spartanburg facility.
He said the plant will specialize in the production of high-precision rotors that are used in a variety of applications, including refrigeration, industrial air compressors and others.
The facility has several large grinding and milling machines, including a few of its own brand. Associates were busy at work Thursday feeding round billets, or bars of steel, into machines that are accurate down to about one-tenth the diameter of a human hair.
Carr said that as the company’s business in the U.S. and beyond continues to grow, the Spartanburg plant could also expand.
“I am very pleased that Holroyd has decided to put its first U.S. facility in Spartanburg County,” said Spartanburg County Councilman David Britt. “It just continues the momentum we’ve seen of international companies choosing to come to Spartanburg. We like to say that ‘we’re the world doing business right here in Spartanburg County.’ I thank Pete Weisman for having the wisdom and confidence to build Corporate Center. It continues to be an asset to the community.”
Carr said the company is currently hiring for the new positions.
For more information, visit: www.holroyd.com.