Stoba, a Germany-based manufacturer of machined components for the automobile industry, recently announced that it will invest $7.7 million in a new production plant located in Berkeley County, adding 61 jobs to the community.
“After following our automotive customers to the fast-growing China market in 2013, we decided to grow our company also in the NAFTA market,” Christoph Bode, Stoba CEO, said. “This is mainly driven by the upcoming growing demand of fuel-saving gasoline direct injection systems in the U.S. Our research for the best possible location ended with a clear vote for the state of South Carolina. In addition to having one of our main customers located in Charleston, we have been supported from the beginning with an extremely professional team from the government and the Charleston Regional Development Alliance. We also found a very good base of skilled people, which we require for our complex production systems. We are very pleased to finally find a perfect location and we are fully motivated to ramp up our business in Charleston.”
Stoba is best known for its complex machined components designed for high-pressure injection systems. It has over 800 employees around the world creating these detailed parts.
“With this announcement, Stoba will be joining an impressive roster of globally-recognized firms that have decided to do business in the Lowcountry, and I look forward to watching them succeed there for many years to come,” Bobby Hitt, South Carolina Secretary of Commerce, said.