The electrical and electronic components manufacturer plans a $5 million investment at a new Otis Way facility, according to the S.C. Department of Commerce.
COLUMBIA, S.C. — Hwasung Group Inc. is expanding its South Carolina operations with a new manufacturing plant in Florence County, according to the S.C. Department of Commerce.
The company plans to invest $5 million and create 32 jobs at the facility, located at 1611 Otis Way in Florence, Commerce said.
Hwasung, founded in 1994, manufactures precision components for elevators, marine vessels, industrial robotics and energy infrastructure, according to Commerce. The Korean company already operates a headquarters office in Lexington County, along with facilities in the United States, Japan, South Korea and Vietnam.
The new Florence County plant will produce parts for elevators and escalators, energy and power distribution, and advanced industrial equipment such as automation systems, robotics, precision machinery and medical equipment, Commerce said.
Phase one of the operation is expected to begin in January 2027, with phase two following in the second half of 2027, according to Commerce.
The Coordinating Council for Economic Development awarded Florence County a $50,000 Set-Aside grant to help cover building improvement costs, Commerce said.
“Florence County welcomed us as neighbors long before we opened our doors. As a family company founded in 1994, Hwasung has spent more than 30 years building precision manufacturing expertise and lasting relationships. With this new plant, we will bring that expertise closer to our customers across North America, and we are excited to welcome the people of Florence to the Hwasung family,” said Hwasung Group Inc. President and CEO Tony Kim.
“We are proud to congratulate Hwasung on its decision to deepen its impact here in the Palmetto State, bringing 32 quality jobs to Florence County. As South Carolina continues to be an international destination for manufacturers, it is no surprise that global companies like this one are expanding in our state,” said Gov. Henry McMaster.
Individuals interested in applying for positions at the facility should visit the company’s Indeed page, according to Commerce.
Based on a release from S.C. Dept. of Commerce.
