News Summary
Fine Organics Americas plans to invest up to $135 million in a new manufacturing facility in Union County, expected to create 60 jobs. The plant, scheduled to start operations in 2027, reflects a strategic decision influenced by local collaborations and support. Union County will provide tax incentives as part of this investment, which could also expand to multiple facilities, enhancing job opportunities. This development highlights ongoing economic growth as the county seeks to improve local employment amidst a higher unemployment rate.
Jonesville, SC – Fine Organics Americas is set to invest up to $135 million in a new manufacturing facility located in Union County, a move that is expected to create 60 new jobs for the region. The new plant will be situated on a 160-acre site near 1907 Spartanburg Highway in Jonesville, approximately 10 miles southeast of the Spartanburg city limits. Operations at the facility are projected to start in 2027.
Union County Supervisor Phillip Russell noted that Fine Organics considered several other locations outside the county before ultimately choosing to establish their new plant in Jonesville. This decision was influenced by collaborative efforts among various local partners, which facilitated the company’s relocation to Union County.
As an incentive for this major investment, Union County Council approved an ordinance providing tax breaks to Fine Organics. The company has committed to investing at least $68 million within the next five years as part of a fee-in-lieu-of-tax agreement. Furthermore, there is the potential for Fine Organics to expand their operations to multiple facilities, which could lead to a tripling of the initial job opportunities announced.
Groundbreaking for the plant could occur within 120 days after the land transfer process is completed, signaling a significant step forward in the development stages. Fine Organics, founded in 1970 in Mumbai, India, specializes in producing natural bio-based specialty additives that are utilized in various products, including foods, plastics, inks, rubber, cosmetics, and coatings. The company’s materials are crafted from plant-based oils and oleochemicals and are sold in over 70 countries, showcasing its global reach.
Supervisor Russell anticipates additional economic development announcements for Union County in the near future, expecting at least one or two more major projects to be unveiled in 2025. This optimism comes in the wake of two significant economic announcements made in the last five months, including Eaton Corp.’s plans to establish a $340 million transformer plant in Jonesville, which is projected to create 700 jobs and begin production also in 2027.
The investment from Fine Organics reflects a growing trend of economic activity in Union County, even as it faces challenges such as a 5.9% unemployment rate—higher than the state’s average of 4.2%. The county’s efforts to attract reputable companies come at a critical time, as local authorities work to improve employment opportunities for residents and bolster the economic landscape.
In summary, the establishment of Fine Organics’ plant in Union County not only brings considerable investment and new job opportunities but also highlights the collaborative efforts of local stakeholders to attract foreign businesses to the area. As the company works toward its groundbreaking and operational goals, the community remains hopeful for future economic developments to further reduce unemployment and stimulate growth.
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Additional Resources
- Post and Courier: Fine Organics Invests in Union County
- Charlotte Observer: Business Updates in Union County
- NJ.com: Community Input on Economic Development
- Greenville Business Magazine: South Carolina Business Growth
- Wikipedia: Economic Development
