Carolina Refractories Inc, a manufacturer of monolithic refractories, announced plans to expand operations in Horry County. The company will hire approximately 38 employees and make a capital investment of $3.72 million over five years.
Carolina Refractories’ expansion will consist of a new 30,000 square ft manufacturing facility at the Ascott Valley Industrial Park in Conway. This plant will include new state of the art monolithic refractory manufacturing equipment and a new Precast Shape division to manufacture Precast refractory shapes.
Investing in all aspects of the supply chain and productions lines, Carolina Refractories will utilize new automated technologies. The new technologies employed will improve product quality, control, and production capacity.
Carolina Refractories Inc, which has been in business in Horry County for over 35 years, serves a variety of industries including steel, aluminum, foundry, cement, incineration, power, and paper. These products are used in plants across the globe in furnaces, kilns, boilers, heating treating ovens, high-temperature ductwork, and other similar applications.
The Ascott Valley Industrial Park was chosen for this expansion for its proximity to our suppliers as well as a site that is ready to build. Located close to I-95, its proximity to the Port of Charleston, main infrastructure investment and incentives led to the site selection.
Carolina Refractories will hire a broad range of positions including manufacturing, sales, operators, and managers. The new Conway, SC facility will allow the company to meet industry demand for these finished products.
The company will advertise positions upon completion of the facility with SC Works.
Quotes
“Carolina Refractories is extremely excited to announce our new investment in Horry County and the State of South Carolina. This new plant will provide superior products and services to our customers, and we are excited to begin construction.” – Carolina Refractories Inc, Lee Whaley V.P. of Precast and Sales
“When companies like Carolina Refractories, Inc. continue to grow in the state, it’s further proof that we have the business-friendly environment in place where companies succeed. Congratulations to Carolina Refractories, Inc. on their expansion, and we wish them continued success.” – Governor Henry McMaster
“We are proud of Carolina Refractories, Inc.’s growth in Horry County. Our state continues to benefit from a diverse economy that provides unique opportunities for citizens, and these 38 new jobs adds to that. Congratulations, and we look forward to seeing the great things Carolina Refractories, Inc. will continue to do in the years to come.” – SC Secretary of Commerce, Harry M. Lightsey III
“Horry County strives to welcome business in our area and support our existing industry. Carolina Refractories, Inc., is an example of success for both the company and our county. We continue to invest in our industry as they diversify our economy. Congratulations to Carolina Refractories on your expansion and thankful to have you as part of team Horry.”– Horry County Council Chairman, Johnny Gardner
“The MBREDC team has worked diligently with Carolina Refractories for over a year and are excited to see the project become an announcement. Today we celebrate the expansion of Carolina Refractories, their creation of jobs and their investment in Horry County. On behalf of the MBREDC Board, staff and members, Congratulations.”– MBREDC Chairman, Mike Hagg
Five Fast Facts
- Carolina Refractories Inc. is expanding operations in Horry County.
- Committed to investing $3.7 million and creating 38 new jobs over the next five years.
- Carolina Refractories Inc is a manufacturer of refractory high temperature insulating materials. Carolina Refractories serves a variety of industries including steel, aluminum, foundry, cement, incineration, power, and paper.
- The company will construct a new 30,000 square-foot facility, in Conway, SC.
- Carolina Refractories Inc. has been operating in Horry County for over 35 years
About MBREDC
The MBREDC is a public‐private partnership that works closely with new and existing industries, site selectors, and economic development professionals to promote economic growth in Horry County. Since January of 2012, the MBREDC has announced over 2,300 new jobs including announcements in advanced manufacturing, aerospace, back-office support, distribution, health-care, and technology-related businesses. For more information, visit www.mbredc.org.
Media Contact:
Sandy Davis
President & CEO
Myrtle Beach Regional Economic Development Corporation
(843) 347-4604
sdavis@mbredc.org
