Manufacturing and Supply Chain Report for Aug. 19, 2020

KRA Operations opens 1st U.S. facility in Newberry County

The 110,000-square-foot metal stamping and injection molding facility, located in Mid-Carolina Commerce Park, will serve existing S.C. clients. KRA Operations is a subsidiary of South Korea-based Precision Co. Ltd. (Columbia Regional Business Report)

S.C. Ports volume rebounds in July

The CEO of the S.C. Ports Authority said the agency has seen early signs of a rebound after the global pandemic undercut what was shaping up to be a record year for the agency. (Charleston Regional Business Journal)

Phoenix Specialty Manufacturing expanding operations in Bamberg County

The company, which supplies custom parts to original equipment manufacturers, is investing $5.5 million to expand its Bamberg County facility. The move is expected to create 35 jobs in the next three years. (Columbia Regional Business Report)

Industrial vacancy rates rise statewide with continued construction

Vacancy rates are up across the state as construction continues and speculative buildings are delivered to the market, Colliers International says in its second-quarter report. (GSA Business Report)

Fraunhofer Alliance to host workshop at Upstate BMW

The S.C. Fraunhofer USA Alliance and S.C. Council on Competitiveness will be discussing new opportunities in innovation and risk mitigation in the international market at a workshop Aug. 26 at the BMW Zentrum. (GSA Business Report)

Dominion asks for 7.75% rate increase in residential electric rate

The rate increase, which must be approved by the S.C. Public Service Commission, would increase the average residential electric bill by $9.68 a month, according to the company. The new rates would go into effect in March. (Columbia Regional Business Report)