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Related Keywords: acquires Cordtech International, automotive industry, French technical textile and composites manufacturer, global industry, industrial fibers, marketplace, Porcher industries Groupe, producing world class fabrics, specializes in processing and treatment

The Porcher industries Groupe, a French technical textile and composites manufacturer that celebrated a century of producing world class fabrics for global industry announced acquisition of Cordtech International from the investment company RDC15. Cordtech International specializes in the processing and treatment of industrial fibers for the automotive industry.

Related Keywords: a Chinese global textile manufacturer, attracted to Greenville County, automotive industry, first factory outside of China, good market potential., in Travelers Rest, low business costs, make textile, set up new plant, Suzhou Glacier Import & Export Co. Ltd

Suzhou Glacier Import & Export Co. Ltd, a Chinese global textile manufacturer plans to set up a new plant in Travelers Rest, it will be the first factory outside of China for the company that will make textiles for the automotive industry.

The company’s president, Wilber Xu, said that the company will be investing $24 million to open a new manufacturing facility in a 170,000 square foot existing building. It is expected to hire 109 people in the new jobs.

Xu said that his company was attracted to Greenville County by low business costs and a good market potential.