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Stockholm, Stockholms län, 11152
Sweden

AmCham Sweden is the voice of American business in Sweden. We are champions of US - Swedish trade and investment and US commercial interests in Sweden and give members a networking platform, critical business information, and an amplified voice.

Central South Carolina Business Alliance continues to attract Swedish investment

News

Central South Carolina Business Alliance continues to attract Swedish investment

Randy Gosda

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Two Swedish companies are standing out in the United States after successfully investing their businesses in South Carolina during the past few years: Volvo Cars and Husqvarna -- as has MM Technics from Germany. This region in South Carolina has over 150 industrial buildings and other sites ready to be developed into facilities.

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In 2015, Volvo Cars announced their plans to invest in its first manufacturing facility in the United States. They anticipated that the first cars would roll off the assembly line starting in 2018. Based on their success while developing their facilities, the 2018 deadline is securely in place.

Husqvarna has facilities spread out between three counties and employ nearly 2,000 workers. In 2017, the Swedish enterprise announced an expansion project that would make the location in Central South Carolina the company’s largest. Husqvarna said that products such as riding lawn mowers and other outdoor power equipment will be manufactured at this new location.

MM Technics is a great example of a European family owned company that recently completed their first manufacturing facility in the United States. The family-owned business is a newly formed American subsidiary of the German-based company, Muhr Metalltechnik and Gmbh + Co. KG. Announced in 2016, their first American plant in Central South Carolina supplies stamped metal parts to the BMW assembly plant. 65 jobs are estimated to be created within the next five years.

These companies have created a profitable business climate for Swedish companies in the U.S. Due to the success of these expanding organizations, the Central South Carolina Business Alliance can offer a lot of valuable, on the ground assistance to other Swedish companies looking to invest in this growing market.

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