Joint venture investing $48M in Spartanburg

Huvis Indorama Advanced Materials, a 50-50 joint venture between Thailand-based Indorama Ventures Public Co. Ltd. and South Korea-based Huvis Corp., is launching new manufacturing operations at Indorama’s Auriga Polymers Inc. campus in Spartanburg County. The $48 million investment is projected to create 50 new jobs, according to the S.C. Department of Commerce.

Auriga Polymers Inc., located at 1550 Dewberry Road in Spartanburg, employs more than 450 production associates, engineers and scientists. The new operations will manufacture low melting fiber with an annual capacity of 60,000 tons. Low-melting fiber is commonly used as a binder fiber in core-sheath constructions for use in automotive and industrial composites, according to a news release.

“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. Both joint venture partners are appreciative of the pro-business environment in South Carolina and look forward to a strong future with this community,” said Mark Holden, Auriga Polymers vice president of operations, in the release.

The Coordinating Council for Economic Development approved job development credits related to the project.