One of the state’s fastest-growing companies, AVANTech, a radioactive and industrial water-treatment solutions provider, opened its new manufacturing plant and corporate headquarters on Friday in Columbia.
AVANTech, founded in 1999, works to improve industrial and commercial power operations. Most notably in recent years, the company created a water-treatment system that was key to the recovery efforts at Japan’s Fukushima Daiichi nuclear station, damaged in a 2011 earthquake and tsunami.
“This facility triples our engineering and manufacturing capabilities," Jim Braun, the company's founder, president and CEO, said. "We’re proud not just of the work we do around the world, but also of the positive economic impact we are providing to South Carolina.”
Since 2013, the company has invested $3.7 million in Columbia, growing from under 50 to nearly 160 employees. Last year, its revenues grew by 400 percent, and it anticipates 200 percent growth in 2015.
Having also supported the cleanup of U.S. Department of Energy sites, such as the state’s own Savannah River Site, AVANTech supplies over 150 nuclear plants in 14 nations, recycling millions of gallons of regular and nuclear wastewater annually.
“AVANTech is making a difference for a cleaner environment and more efficient industries around the world, from right here in Columbia,” Braun said. “We have a proven record of success and an exciting future.”