An Automotive OEM Supplier focused workshop will be held to discover what is driving the automotive industry to South Carolina USA. Construction has now begun on Volvo Car Group South Carolina factory for global production of the all new S60 Sedan. The first South Carolina-built Volvos are expected to roll off the assembly line in late 2018. Volvo Car USA estimates that the factory will employ up to 2,000 people over the next decade and up to 4,000 people long term. A professional team of South Carolina economic development and legal representatives will be in Gothenburg to offer insight into ways that small-to-medium sized Swedish companies can navigate a successful launch of a new facility to support the rapidly expanding automotive corridor in South Carolina and beyond.
GLOBAL AUTOMOTIVE SECTOR FUELING INVESTMENT AND JOB GROWTH IN SOUTH CAROLINA USA
South Carolina USA ranks #1 in the United States for export of tires and passenger automobiles
Automotive cluster is growing rapidly with the recent announcements by Volvo Cars (first
American factory) and Mercedes-Benz Vans, both projects around $500 million USD Cap X each and several hundred new jobs, other global brands such as Michelin, Bridgestone, Continental and Giti Tire are in the region.
BMW South Carolina plant will soon become the largest BMW manufacturing facility in the world (recently announced $1 billion USD expansion)
Over 250 Automotive suppliers in the state (Tier I and II suppliers are investing heavily in the state because of the presences of OEM’s, a deep pool of skilled workers and a superior transportation system linking ports, rail and highways)
58,000 workers in the state’s automotive manufacturing sector
$12.1 B USD in announced capital investments since 2001
40 of the state’s 46 counties have auto-related manufacturing
$27.1 B USD annual economic impact from the automotive sector in the state
Space is limited.
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