If the US is complaining its jobs are going overseas, here’s a Chinese company that’s reversing the trend. The Keer group is building a textile plant spread over 2,30,000 sq. ft. in South Carolina. The plant will create more than 500 jobs. This American state has access to the port of Charleston and has cotton producers in the vicinity, all of which attracted the Chinese company. The state has strong logistics capabilities.
The plant will involve an investment of $218 million and will produce industrial cotton yarn. The yarn will be exported in containers to China via the port of Charleston. Charleston has eight direct service routes to China. South Carolina has long been a strong player in both manufacturing and foreign direct investment. Foreign-owned companies employ more than 100,000 South Carolinians. From 2011 to 2013, China was the fourth-highest nation in foreign direct investment to South Carolina, behind Germany, Japan and France. The southeast region of the US and South Carolina in particular, continues to see export growth driven by manufacturing.
South Carolina leads the US in foreign-affiliated job recruitment per capita. Chinese firms in particular represent an important and growing part of the state's business community.
