~ $64.3 million investment will create 130 new jobs ~
Columbia, SC — Premium Peanut, an innovative, grower-owned peanut shelling company, today announced plans to establish operations in Orangeburg County. The $64.3 million investment will create 130 new jobs.
Founded in 2014, Premium Peanut operates one of the newest and largest peanut shelling facilities in the world. The company began shelling peanuts in January 2016, with about 140,000 tons in shelling capacity. Through investments, efficiencies and growth, the company now has a plant capacity of 300,000 tons, which is about 10% of the U.S. peanut crop. Premium Peanut has made additional investments in cutting-edge technologies and enhancements, and added an oil mill, which was opened in 2018.
Locating in Orangeburg County, S.C., Premium Peanut’s new facility will provide more capacity and allow South Carolina peanut growers the opportunity to be a part of a cooperative model. This facility will build on the company’s existing model, creating maximum value of every peanut for its grower-owners. Premium Peanut’s customers consist of the major snack, candy and peanut butter manufacturers domestically, as well as customers in more than 30 countries around the world.
Portions of the new facility are expected to be operational by spring 2022. Growers interested in learning more should contact the Palmetto Peanut Buying Point. Individuals interested in joining the Premium Peanut team should visit the company’s careers webpage.
The Coordinating Council for Economic Development has approved job development credits related to this project.
“Premium Peanut is proud of the value we have been able to create for over 400 grower-owners, in addition to providing quality products to customers around the world. We are thrilled to expand our operations and establish our footprint in South Carolina.” -Premium Peanut CEO Karl Zimmer
“Today’s announcement by Premium Peanut is a huge win for our state’s agribusiness sector. We congratulate this great company on their investment that will create 130 new jobs for our citizens, and we look forward to supporting them every step of the way.” -Gov. Henry McMaster
“We welcome Premium Peanut to the South Carolina business community. This well-known company will make a significant impact in the Palmetto State, and we look forward to watching them lay roots and grow within our borders.” -Secretary of Commerce Harry M. Lightsey III
“In addition to creating jobs, Premium Peanut’s new processing facility represents a dynamic value-added opportunity for South Carolina farmers. We’re thrilled at the chance to expand peanut production in the state and welcome Premium Peanut’s investment in our future.” -Commissioner of Agriculture Hugh Weathers
“SC Ports celebrates the announcement of Premium Peanut’s processing facility in Orangeburg County. This investment provides new opportunities for South Carolina peanut producers to access international markets through the Port of Charleston. SC Ports is proud to connect South Carolina farmers to the global marketplace and further support agriculture export growth in the Southeast with our efficient operations.” -SC Ports President and CEO Jim Newsome
“We’re grateful to announce Premium Peanut coming to South Carolina and specifically Orangeburg County. We thank the Premium Peanut leadership and investors as well as all the farmers for believing in our people and location. This new $64.3 million facility will be the newest and largest single shelling operation in South Carolina. With grower-owners and buying points located across the Carolinas and Georgia, we are all committed to supporting this project and company well into the future. It is indeed another great day in Orangeburg County.” -Orangeburg County Council Chairman Johnnie Wright Sr.
“We are delighted that Premium Peanut has decided to sow new roots in a historic agricultural powerhouse like Orangeburg County. The company’s investment is an exciting opportunity for it to grow its fruitful shelling operation, and it provides our local workforce the prospect of being part of something that’s fresh for the community and at the top of its game in its industry.” –Central SC Alliance Chairman W. Keller Kissam
Five Fast Facts
- Premium Peanut is establishing operations in Orangeburg County.
- The $64.3 million investment will create 130 new jobs.
- Premium Peanut is an innovative peanut shelling company.
- This facility will build on the company’s existing model, creating maximum value of every peanut for its grower-owners.
- Individuals interested in joining the Premium Peanut team should visit the company’s careers webpage.
About S.C. Department of Commerce
As South Carolina’s leading economic development agency, the Department of Commerce works to recruit new businesses and help existing business grow. S.C. Commerce has recruited world-class companies to South Carolina such as BMW, Boeing, Continental, Giti Tire, LPL Financial Holdings, Mercedes-Benz Vans, Samsung, Toray and Volvo Cars and also supports startups, small and existing business, innovation and rural development initiatives. S.C. Commerce partners with the S.C. Technical College System via readySC to support workforce training and recruiting, and with the S.C. Department of Employment and Workforce, which provides worker training and employment opportunities within the state. With a strong international footprint, the Palmetto State has consistently been among the top in the nation for attracting jobs through foreign direct investment on a per capita basis – recognized by multiple economic development publications for its pro-business climate. For more information, visit www.SCcommerce.com.