GEORGETOWN, S.C. (AP) - A company that converts recycled materials into plastic products that can be used in the construction and transportation industries plans to invest $10 million into a South Carolina plant that will employ 74 people, officials said.
GreenCore Materials will locate in the former Eagle Electric manufacturing site in Georgetown, The Post and Courier reported. The company hopes to begin operations by April.
Guerry Green, the company’s owner and founder, said he started looking for ways to improve the rigidity of plastic so it could replace metal in commercial uses about six years ago. He said he now has two U.S. patents and 50 pending patents worldwide for the technology that will be used at GreenCore.
“We believe that our new technology will change the plastic extrusion industry, and we are looking forward to developing our business where we call home,” said Green, a Pawleys Island councilman and former chairman of the Santee Cooper electric utility.
Moncks Corner-based Santee Cooper and the state’s Coordinating Council for Economic Development provided grants for the project.
Georgetown Mayor Brendon Barber said the company “will re-energize the economic activity in our city,” adding “we are sending a message that Georgetown is open for business and establishing ourselves as a business-friendly community.”
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