SEATTLE (Scrap Monster): The BID Group announced strategic capital investment of $10.6 million at its St. George, South Carolina operations. The proposed investment targets significant jump in productivity and facility expansion, which in turn will lead to increased capacity at the facility.
The company press release noted that the investment comprises installation of automated solutions including a large Correa CNC horizontal milling machine, robotic welding cells, and additional CNC machining capacity. Furthermore, it plans to expand BID’s manufacturing footprint by way of acquisition of the adjacent Dover Hydraulics South facility.
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The newly added space will be dedicated to the production of BLADE, the recently introduced cutting solutions products and services. The manufacturing of BLADE products will help the company offer high-quality products, service, and support to its southern customer base. The expansion is expected to create over 20 new jobs.
Adam Infanti, Chief Financial Officer, BID Group thanked Dorchester County and the South Carolina Department of Commerce for their contributions and support for these investments. The multiple projects within this investment will allow the company to increase capacity, advance efficiency, and improve lead time, he added.
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