$5 million investment expected to create 50 new jobs
COLUMBIA, S.C. – Tobul Accumulator today announced that it will expand its existing operations in Bamberg County. The $5 million investment is expected to generate 50 new jobs.
“Our expansion in Bamberg is due to the growth of our company in the oil and gas and off-road sectors of our business,” said Tobul Accumulator President and CEO Jim Tobul. “This is a family business that has invested in the families of Bamberg for more than 25 years, and we are proud that we are able to create more good jobs here at home. Our team at Tobul is a workforce second to none, and their commitment to excellence played a large role in our decision to grow the business here. Being that Tobul has operations in Racine, Wis., Shanghai, China and manufacturing in Houston, we chose Bamberg to expand our company.”
Tobul Accumulator will expand into a newly constructed industrial building, located at the CrossRhodes Industrial Park, which is on U.S. Hwy 301 and is a multi-county industrial park owned by SouthernCarolina Alliance. The company is a maker of hydraulic accumulators, and Tobul’s products are sold in more than 50 countries.
The company plans to expand and upfit the building to accommodate their growing sales and manufacturing operations.
“Today’s announcement is another win for one of our state’s rural areas. We celebrate Tobul Accumulator’s decision to expand its footprint in Bamberg with an investment of $5 million and the creation of 50 new jobs. We are working hard every day to bring investments and new jobs to all areas of South Carolina,” said Gov. Nikki Haley.
Since January 2011, South Carolina has recruited more than $6.8 billion in capital investment and more than 16,000 jobs in the manufacturing sector.
“In South Carolina, we know how to make things, and that’s something Tobul Accumulator has known for many years. Our state’s manufacturing sector continues to show its strength with announcements like this. Every one of these jobs will have impact in Bamberg,” said Secretary of Commerce Bobby Hitt.
“The expansion of Tobul Accumulators is indicative of the company’s global success and commitment to quality, as well as their commitment to the local workforce,” said SouthernCarolina Alliance Chairman Johnny Williamson. “We are fortunate to have Tobul as a leader in our regional industrial community, and we look forward to working with Jim Tobul and his team for years to come.”
Bamberg County Council Chairman Chris Wilson said, “Bamberg County has a long and successful history with Tobul, and we have a promising future with this company as it continues to grow. The people of Bamberg County appreciate Jim Tobul’s investment in our community, and our county council will continue to work with the Tobul team and our other existing industries to create the best possible conditions for the growth of business.”
The company expects to begin hiring for the new positions in the fourth quarter of 2012.
Tobul Accumulator’s products are utilized in a diverse array of industry sectors for many applications, including power generation, industrial automation, steel, military, oil and gas, amusement, construction, forestry, transportation and mining. For more information about the company, please visit www.tobul.com.