Tobul Accumulator expanding operations in Bamberg County
July 9, 2012
$5 million investment expected to create 50 new jobs
BAMBERG, SC – July 9, 2012 – Tobul Accumulator announced that it willexpand its existing operations in Bamberg County. The $5 millioninvestment is expected to generate 50 new jobs.
“Our expansion in Bamberg is due to the growth of our company in the oiland gas and off-road sectors of our business,” said Tobul AccumulatorPresident and CEO Jim Tobul. “This is a family business that hasinvested in the families of Bamberg for more than 25 years, and we areproud that we are able to create more good jobs here at home. Our teamat Tobul is a workforce second to none, and their commitment toexcellence played a large role in our decision to grow the businesshere. Being that Tobul has operations in Racine, Wis., Shanghai, Chinaand manufacturing in Houston, we chose Bamberg to expand our company.”
Tobul Accumulator will expand into a newly constructed industrialbuilding, located at the CrossRhodes Industrial Park, which is on U.S.Hwy 301 and is a multi-county industrial park owned by SouthernCarolinaAlliance. The company is a maker of hydraulic accumulators, and Tobul’sproducts are sold in more than 50 countries.
The company plans to expand and upfit the building to accommodate their growing sales and manufacturing operations.
“Today’s announcement is another win for one of our state’s rural areas.We celebrate Tobul Accumulator’s decision to expand its footprint inBamberg with an investment of $5 million and the creation of 50 newjobs. We are working hard every day to bring investments and new jobs toall areas of South Carolina,” said Gov. Nikki Haley.
Since January 2011, South Carolina has recruited more than $6.8 billionin capital investment and more than 16,000 jobs in the manufacturingsector.
“In South Carolina, we know how to make things, and that’s somethingTobul Accumulator has known for many years. Our state’s manufacturingsector continues to show its strength with announcements like this.Every one of these jobs will have impact in Bamberg,” said Secretary ofCommerce Bobby Hitt.
“The expansion of Tobul Accumulators is indicative of the company’sglobal success and commitment to quality, as well as their commitment tothe local workforce,” said SouthernCarolina Alliance Chairman JohnnyWilliamson. “We are fortunate to have Tobul as a leader in our regionalindustrial community, and we look forward to working with Jim Tobul andhis team for years to come.”
Bamberg County Council Chairman Chris Wilson said, “Bamberg County has along and successful history with Tobul, and we have a promising futurewith this company as it continues to grow. The people of Bamberg Countyappreciate Jim Tobul’s investment in our community, and our countycouncil will continue to work with the Tobul team and our other existingindustries to create the best possible conditions for the growth ofbusiness.”
The company expects to begin hiring for the new positions in the fourth quarter of 2012.
Tobul Accumulator’s products are utilized in a diverse array of industrysectors for many applications, including power generation, industrialautomation, steel, military, oil and gas, amusement, construction,forestry, transportation and mining. For more information about thecompany, please visit www.tobul.com.
