Universal Forest Products invests $6
million in new plant, creates 120 jobs
Multi-billion dollar firm Universal Forest Products will
invest over $6 million to restructure a vacant facility into a manufacturing plant, creating 120 jobs in
South Carolina over the next few years.
The facility will act as its own company: UFP Cameron,
which will manufacture wood products dedicated to the
industrial market. The 75,000-square-foot plant is scheduled to open in late 2018.
Of the investment, $4 million will be spent on the
actual facility and the remaining $2 million will go toward
machinery. The county has provided the company with a
fee-in-lieu of taxes agreement. A fee-in-lieu of taxes agreement allows counties to attract industrial investment.
The $4 billion Universal Forest Products is a public
company that employs over 11,000 workers across 130
facilities on four continents.
The company announced record net earnings and net
sales for the fourth quarter and full year 2017, even though
the latest quarter and year had one less operational week
than 2016. (In 2016, the extra week accounted for over
$60 million in net sales and over $2 million in operating