SENECA — TDC Cutting Tools Inc. will establish its overseas headquarters in Oconee County at the same site as its subsidiary, Greenfield Industries, resulting in an additional 38 new positions in Seneca. The company, which is based in China, will invest $8.2 million in the construction of the new TDC Overseas campus, including a 32,000-square-foot office building and a 10,000-square-foot recycling center added to the existing 168,000-square-foot facility.
“Through this expansion, TDC has positioned itself for strong future growth in its overseas markets. TDC chose Oconee County for its overseas headquarters largely due to the proximity to Clemson University and Tri-County Technical College, the good support provided by both county and state governments, regional infrastructure and potential cost advantages,” said Jeff Chee, founder and CEO of TDC Cutting Tools Inc.
Greenfield Industries recently consolidated its U.S. manufacturing operations and both its U.S. and Canadian headquarters at the Davis Creek Road site in Seneca.
The company also plans to establish its Outside of China Global Operations headquarters in Seneca in the near future. The Davis Creek Road site was selected over options in Chicago and Switzerland.
TDC Cutting Tools and Greenfield Industries manufacture and sell drills, taps, end mills and other cutting tools. Together, both companies employ more than 3,300 individuals worldwide and produce more than 300 million tools annually.
“We are delighted to see that TDC Cutting Tools and its subsidiary Greenfield Industries have chosen to deepen their roots in Oconee County by expanding operations and placing their overseas headquarters here. The success they have found in our community is a testament to our local workforce and the pro-business atmosphere that makes our area ripe for global business,” said Joel Thrift, chairman of Oconee County Council.
A groundbreaking ceremony was held June 6. Site work will begin in July with completion of the complex slated for May 2015.