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News Briefs
Sid Harvey Industries Inc. relocates to Georgetown County
Sid Harvey Industries Inc. announced the relocation of its manufacturing and remanufacturing facility from Garden City, N.Y., to Georgetown County.
“We believe that this move will allow our company to grow and prosper,” says company president Sid Harvey. The company decided to move to escape the high cost of operation in New York and to move closer to its expanding consumer base in the Southeast.
Sid Harvey Industries founded in 1931 by the grandfather of the company’s current president, manufactures and wholesales heating, ventilation, air-conditioning and refrigerator parts and equipment. The company remanufactures more than 1,700 parts and manufactures another 750 items.
The company purchased the former Fun-Tees building in Andrews and plans to retrofit the building for its use. Sid Harvey Industries, Inc. also plans to build a 15,000-square-foot warehouse on the site.
The company will bring about 100 new jobs to the area.
Sid Harvey Industries will begin working with the Center for Accelerated Training to recruit and train new employees with hopes to begin operations in early summer.
“Raising income levels and improving the quality of life in our state’s rural areas is a top priority for this administration,” says Gov. Mark Sanford. “That’s why we’re particularly pleased to welcome Sid Harvey Industries to the Andrews community.”
Holset Turbochargers expanding operations
A company with a 15-year presence in the Lowcountry recently announced that it will expand in the region and create nearly 200 new jobs.
Holset Turbochargers, a subsidiary of Cummins Inc., will invest $13 million in a new 110,000-square-foot facility in the Palmetto Commerce Park in North Charleston to manufacture turbochargers for diesel engines. The company opened a manufacturing facility in the area in 1989 and expanded it 10 years later. Its latest move will bring its local employee base to about 600.
Holset began construction on its facility in May and will begin producing the turbochargers early next year.
Charleston’s trade with South America earns boost
Beginning in mid-June, Maersk Sealand’s new shipping service, the South Atlantic Express, will bring trade directly from Central America to Charleston. The new service replaces two weekly services that connected the gateways of Puerto Cortez, Honduras, and Santo Tomas, Guatemala, exclusively with Florida.
The SAE will feature two calls a week in Charleston with ships entering the port northbound from Central America on Friday and returning the following Tuesday to load exports.
Circa 1886 opens early, closes late during Spoleto
From May 27-June 12, Circa 1886, the restaurant located on the grounds of the Wentworth Mansion, will extend its hours, opening at 5 p.m. and seating guests until 10 p.m., to accommodate Spolato visitors for pre- and post-festivity meals. The Four Diamond Award-winning restaurant will also open May 29 for dining.
State’s chamber, diversity council join forces
The South Carolina Chamber of Commerce and the South Carolina Diversity Council announced the establishment of a cooperative program to expand and strengthen initiatives related to the support of diversity in the workplace.
The partnership will:
Educate both memberships through structured meetings on diversity-related topics.
Encourage open and honest discussions among business leaders.
Provide communication channels between key community and business organizations.
Deliver joint professional development seminars and workshops in diversity awareness and training.
Offer high-quality, dynamic and responsive programs and services that recognize diversity in the workplace.
The South Carolina Chamber of Commerce is the state’s largest broad-based business and industry trade association, representing more than 2,300 companies. The South Carolina Diversity Council is a nonprofit organization of business leader volunteers dedicated to supporting and strengthening diversity in the workplace.
Doi joins South Carolina Ports Authority
Yukio “Yogi” Doi joined the South Carolina Ports Authority as its new Japan sales representative. Based in Tokyo, Doi is responsible for marketing the Port of Charleston to shippers and ocean carriers throughout Japan. Formerly, Doi served as executive director of Shosen Misui Ferry Co., a shipping line specializing in passenger travel and roll-on/roll-off cargo.
Doi traveled to Charleston to the SPA’s office for personal orientation and a tour of the local port facilities. He also participated in the South Carolina International Trade Conference May 23-25.
Terranova Forest Products merges with Masisa
On May 16, Terranova Forest Products merged with Masisa, Latin America’s leading board manufacturer. Both companies were already members of the Group Nueva company, and Terranova had owned the controlling interest of Masisa since July 2002.
To improve the company identity, Terranova Forest Products has taken the name Masisa USA. Masisa USA has its North American corporate headquarters in Athens, Ga., and manufacturing operations in Charleston.
Masisa USA customers will benefit from an increased production capacity, an expanded product mix, including fingerjoint and MDF mouldings, solid pine panel and French doors, OSB and MDF panels, and distribution of Plycem Exterior Trim manufactured by Amanco, another GrupoNueva company, the company says.
Sears to sell hardware chain
Sears Holding may sell or make an initial public offering of stock for its Orchard Supply Hardware chain, which was purchased in 1996 for about $308 million.
The company plans to focus on its brands, including Craftsman and Kenmore, in K-mart stores and bring K-mart products into its Sears stores.
Saks fires three executives after audit
Saks fired three senior executives, Brian Martin, the CEO’s brother; Donald Watros, the chief administrative officer; and Donald Wright, the chief accounting officer; who were involved with the chain’s collection of markdown money from vendors.
To collect markdown money, retailers demand payment from suppliers to cover the cost of putting items on sale when demand is soft, or when the stores say it is. If the vendors do not agree to pay, suppliers say the retailers often threaten not to order their clothes again.
The company initially said it improperly collected $20 million from 1999-2003 but will reassess that figure.
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