Huvis Indorama Advanced Materials Launching Operations In Spartanburg
Oct 18, 2018 11:25AM
By Kathleen Maris
Huvis Indorama Advanced Materials, a 50-50 joint venture between Indorama Ventures Public Company Limited and South Korea-based Huvis Corporation, is launching new manufacturing operations at Auriga Polymers, Inc.'s campus in Spartanburg County. The $48 million investment is projected to create 50 new jobs.
The new state-of-the-art operations will manufacture low melting fiber (LMF) with an annual capacity of 60,000 tons. LMF is commonly used as a binder fiber in core-sheath constructions for use in automotive and industrial composites. The initial volumes of LMF will be sold in the United States with the potential to expand into neighboring regions over time.
Auriga Polymers, Inc. currently employs more than 450 production associates, engineers, and scientists at its Spartanburg County campus.
"After celebrating more than 50 years of manufacturing in Spartanburg County, it is exciting to see the creation of 50 new jobs in Spartanburg as a result of this substantial new investment," said Mark Holden, Auriga Polymers vice president of operations. "Both joint venture partners are appreciative of the pro-business environment in South Carolina and look forward to a strong future with this community."