Hwasung Group to Open $5 Million Manufacturing Plant in Florence County, South Carolina

Hwasung Group Inc., a Korean manufacturer of electrical and electronic components, announced on October 29, 2026, that it will establish a new manufacturing operation in Florence County, South Carolina. The $5 million investment is expected to create 32 new jobs.

A 58,000-square-foot facility on Otis Way

The plant will be located in a revitalized 58,000-square-foot facility at 1611 Otis Way in Florence. Phase one operations are expected to come online in January 2027, and phase two in the second half of 2027.

Parts for elevators, energy and robotics

Founded in 1994, Hwasung manufactures precision components for elevators, marine ships, industrial robotics and energy infrastructure, with facilities in the United States, Japan, South Korea and Vietnam. The Florence plant will produce parts for elevators and escalators, energy and power distribution, and advanced industrial equipment, including automation, robotics, precision machinery and medical equipment. The company already has a headquarters office in Lexington County.

State support

The Coordinating Council for Economic Development awarded a $50,000 Set-Aside grant to Florence County to help with building improvements.

Hwasung CEO Tony Kim said:

“With this new plant, we will bring that expertise closer to our customers across North America, and we are excited to welcome the people of Florence to the Hwasung family.”

South Carolina Governor Henry McMaster said:

“We are proud to congratulate Hwasung on its decision to deepen its impact here in the Palmetto State, bringing 32 quality jobs to Florence County.”