Germany-based ZF Transmissions is investing $22.5 million in its Gray Court, S.C., operations by adding 150,000 square feet of manufacturing and warehousing capacity in Laurens County.
The additional facility – an existing building in Owings Industrial Park – is expected to be complete by early 2016. The expansion will generate 545 jobs, bringing the company’s Laurens County workforce to more than 2,000.
“Laurens County and South Carolina continue to provide a strong home for ZF’s manufacturing of our 8- and 9-speed transmissions,” said ZF Transmissions Gray Court Vice President Tomas Joos in a statement. “We appreciate the continued support of the local and state governments, and all of our partners in providing a healthy environment for ZF’s continued growth.”
Laurens County was approved for $1.2 million in a Set Aside grant to assist with the costs of land acquisition. Job credits have also been approved by The Coordinating Council for Economic Development for the project.
“As Laurens County grows, we appreciate the jobs and growth that ZF brings to us,” stated Laurens County Council Chairman Joe Woods. “We strive to create a good place for business to locate in Laurens County.”
Based in Germany, ZF supplies driveline and chassis technology from about 230 locations in 40 countries. The company acquired TRW Automotive in May this year, but represented a combined 134,000 employees and $33.6 million in sales during 2014.