# Hwasung Group to invest $5M in new Florence County manufacturing plant

Hwasung Group Inc. plans to invest $5 million in a new manufacturing plant in Florence County, South Carolina, creating 32 jobs. The plant will produce electrical and electronic components for elevators, escalators, energy systems, and industrial equipment. First phase operations expected to begin in January 2027.

- Type: New facility
- Announced: 2026-10-29
- Where: Florence County, South Carolina, United States
- Value: $5.00M
- Jobs: 32
- Starts operating: Jan 2027
- Status: announced
- Capacity: 58,000 square feet facility
- Products: electrical and electronic components, parts for elevators and escalators, energy and power distribution systems, industrial equipment, robotics, medical equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Hwasung Group](https://endata.com/companies/94779.md)

## Sources

- [wpde.com](https://wpde.com/news/local/jobs-5m-investment-coming-to-florence-county-with-new-manufacturing-plant-employment-otis-way-robotics-medical-equipment-hwasung), 2026-10-29: "Hwasung Group Inc. plans to invest $5 million in a new Florence County manufacturing plant and create 32 jobs, the company announced."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.