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www.charlestonbusiness.com
June 13-26, 2022
DuPont opening new facility at Cooper River plant By Jason Thomas
jthomas@scbiznews.com
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ilmington, Del.-headquartered DuPont has opened a new manufacturing facility at its Berkeley County plant that will have a global reach. The Liveo Healthcare facility, located at DuPont’s Cooper River plant, will increase the company’s biopharmaceutical production capacity and expand its worldwide customer base, according to a DuPont news release. DuPont Liveo Healthcare is a silicone-based technology for a range of innovations in medical devices, biopharmaceutical processing and pharmaceuti-
cal solutions. “The biopharma processing manufacturing investment at Cooper River is a key milestone in our growth strategy; it supports our customers’ expansion and contributes to business continuity,” Eugenio Toccalino, DuPont Healthcare & Specialty Lubricants Global Business director, said in the release. “We’re committed to investing in our healthcare business, and our recent expansions help us offer a highly reliable and sustainable product supply.” In the second half of 2022, the company expects to add biopharma silicone tubing capacity in China, according to the release. The new Cooper River facility was
completed in 18 months and created 25 jobs, the release said, with an additional 25 jobs expected to be created in the next
“For more than 14 years, DuPont Cooper River has continued to diversify and reinvest in new products ...” Kristen Lanier Berkeley County Economic Development Director
two years. “For more than 14 years, DuPont Cooper River has continued to diversify and
reinvest in new products, ensuring the viability of this Berkeley County facility,” Kristen Lanier, Berkeley County Economic Development director, said in the release. “Life sciences and biotechnology innovation is a growing sector with an $11 billion annual economic impact and over 40,000 jobs in the State of South Carolina.” In 2021, DuPont’s Cooper River plant expanded to include manufacturing of specialty lubricants. DuPont declined to reveal investment costs or major contractors for the new facility. The company reported 2021 revenue of $16.7 billion, down from $20.4 billion in 2020. CRBJ
307-room hotel portfolio sold to private development company By Melinda Waldrop
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mwaldrop@scbiznews.com
hree York County hotels have been sold to a Charlotte-headquartered, privately held real estate investment, development and management company.
Hunter Hotel Advisors facilitated the sale of the Hampton Inn & Suites in Fort Mill, along with the Fairfield Inn & Suites and the Townplace Suites in Rock Hill, to Shreeji Hotel Group on behalf of investor groups led by the Warren Norman Co. Shreeji Hotel Group purchased the 307room portfolio for an undisclosed price. “This transaction provided our invest-
ment group with an opportunity to divest some assets close to home while we seek opportunities in new markets,” Warren Norman, Warren Norman Co. broker in charge, said in a news release from Hunter Hotel Advisors. Fort Mill and Rock Hill, the fifth-largest city in S.C., are located 30 minutes outside of Charlotte’s city center, home to
six Fortune 500 companies. “The sale of this portfolio is another indication of the strength of quality-branded assets in growing submarkets,” Hunter Hotel Advisors COO Lee Hunter said. “Like so many other sellers today, the Warren Norman Company took advantage of the unbridled demand we continue to see in these locations.” CRBJ
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