C.M. Steel, a steel manufacturing company, is expanding and relocating its corporate headquarters to York County, company president Chris Thompson said Friday.
The Charlotte company, an affiliate of SteelFab, is expected to invest $7 million in the county and create about 25 new jobs, Thompson said.
C.M. Steel manufactures steel for commercial and industrial buildings and specializes in designing and erecting the buildings, he said.
The company is moving its headquarters from Charlotte to Lake Wylie and expanding its existing plant on Hands Mill Highway in Rock Hill to the new facility in Lake Wylie on S.C. 274 near Campbell Road.
The new 70,000-square-foot steel building will house the fabrication plant and will include a 9,000-square-foot office space for the headquarters. Construction on the building will begin in about two weeks and is expected to be completed in November, Thompson said.
The company will begin hiring in late summer for positions such as welders, fitters and others with experience in the steel industry, Thompson said.
The company employs 65 people in Charlotte and 20 in the Rock Hill plant.
Some employees working in Charlotte and Rock Hill will be relocated to the new location, Thompson said. Within five years, the company expects to employ about 100 workers, he said.
C.M. Steel and its parent company, SteelFab, are operating on the same site in Charlotte. Because of SteelFab's growth and C.M. Steel's expansion, the decision was made to move C.M. Steel's location, Thompson said.
Thompson said the company has seen a slowdown in business in recent months but decided to continue with expansion plans.
"If you're going to expand, it's the best time to expand from a dollar value," Thompson said. "If you're willing to take the risk."
Thompson said the company has been fortunate to have gotten work up and down the East Coast. Local projects underway include a parking deck at Charlotte/Douglas International Airport, an addition to Carolinas Medical Center and work on the uptown Charlotte Wachovia Tower, Thompson said.
South Carolina projects include building a new hospital near Charleston and future work in Georgetown and Myrtle Beach, he said.
Thompson said the company chose to relocate to York County because of its strong work force and positive business environment.
Businesses continue to choose to relocate to South Carolina because of its business-friendly climate, including lower taxes, market access and infrastructure, said Kara Borie, spokeswoman for the S.C. Department of Commerce.
York County Council Chairman Buddy Motz agrees York County is a favorable place for businesses.
"C.M. Steel's consolidation of operations in York County certainly means more jobs and investment for our area but also provides further proof that we have become a preferred location for new business location and expansion in the Charlotte region," he said.