# Huvis and Indorama Ventures form $48M joint venture for LMF production in South Carolina

Huvis Corp. and Indorama Ventures Public Co. Ltd. formed a 50-50 joint venture at Indorama's Auriga Polymers subsidiary in Spartanburg County, South Carolina, to produce low-melting fiber. The $48 million investment will create 50 jobs.

- Type: Partnership
- Announced: 2018-11-07
- Where: Spartanburg County, South Carolina, United States
- Value: $48.0M
- Jobs: 50
- Status: announced
- Products: low-melting fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Huvis](https://endata.com/companies/15590.md) (partner)
- [Indorama Ventures Public Co. Ltd.](https://endata.com/companies/16732.md) (partner)
- [Auriga Polymers](https://endata.com/companies/34939.md) (partner)

## Sources

- [upstatebusinessjournal.com](http://upstatebusinessjournal.com/manufacturing/trade-tensions-give-way-to-us-korea-joint-venture/), 2018-11-07: "We believe we better be here and avoid the trade risk and then use all the benefits here and better circumstances here."

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