Fiber Industries is preparing to open a new textile production operation in Darlington County, South Carolina, USA. They are expected to be operational in early 2018, this development is projected to bring more than $30 million of capital investment and create at least 135 new jobs. A privately-held company, Fiber Industries was established by MHR Fund Management.
Fiber Industries was established by MHR Fund Management, a New York-based investment firm, to restart the Palmetto Plant in Darlington. The management team, Andrew Rosenfeld and Leandro Carboni, has more than 60 years of combined experience in working at senior level positions in the chemical, oil and gas industries, along with strong backgrounds in financial, commercial and plant operations.
The company expects to begin hiring for the new positions in the fourth quarter of 2017. The Coordinating Council for Economic Development has approved job development credits related to this project.