South Carolina
Even as Vietnam’s VinFast, a maker of EVs, has pushed back the start of production by a year at its first U.S. plant in neighboring North Carolina, Tin Thanh Group Americas, a Vietnamese tire manufacturer, has announced plans to establish its own first U.S. operations in Fairfax, South Carolina, located in Allendale County. The company will manufacture and retread large commercial vehicle tires and operate its commercial tire leasing program from the new facility. Operations are expected to be online by September 2024. The state’s Coordinating Council for Economic Development approved job development credits related to the project and also awarded a $1 million Rural Infrastructure Fund (RIF) grant to Allendale County to assist with the costs of site preparation and infrastructure improvements. “Tin Thanh Group Americas is excited to make South Carolina home for its first location outside Vietnam and is proud to be South Carolina’s first Vietnamese company,” said Tin Thanh Group Americas CEO Dinh Quyen. “With the assistance of the Department of Commerce, the SouthernCarolina Alliance and the officials at Allendale County, and the assistance of readySC, the decision was clear compared with the other locations that sought our project in the Southeast.”
Iowa
Last week Summit Materials, Inc., in partnership with its subsidiary Continental Cement Company, LLC, announced the official opening of the Davenport Cement Storage Dome, the largest cement storage dome in North America, with storage capacity of 125,000 tons of cement. “The dome substantially reduces the need for winter storage barges and provides a safer, more efficient operation, reducing barge storage costs and helping Summit more effectively serve its valued customers,” the company said. “Summit and Continental Cement's investment into this project reaffirms their long-term commitment to the Great State of Iowa, the Quad Cities, the City of Buffalo, and the 119 employees at Summit's Davenport plant.” Anne Noonan, CEO of Summit, said the dome “helps strengthen our enduring and trusted customer relationships in all markets, particularly in Iowa and Missouri, where we have our major production assets.” Summit is the first cement producer in the United States to convert all cement production to PLC, a lower carbon product. “Our existing replacement rate of using alternative fuels rather than coal is amongst the highest in the industry, and to further increase this important part of our carbon reduction commitment, we are investing another $32 million in expanding our Green America Recycling operation, allowing the cement plant to replace approximately 55% of its fossil fuel consumption with non-hazardous waste,” Noonan said.
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