Hwasung Group Puts $5 Million Into a Florence Plant, Adding 32 Jobs

FLORENCE, S.C. — Hwasung Group Inc., an electrical and electronic components manufacturer, will invest $5 million in a new Florence County operation, creating 32 new jobs, the South Carolina Department of Commerce announced Oct. 29. The plant, at 1611 Otis Way, will make parts for the elevator and escalator, energy and power distribution, and advanced industrial equipment sectors. Florence County Council Chairman Jerry Yarborough put its size at 58,000 square feet.

Phase one operations are expected to be online in January 2027, with phase two expected in the second half of 2027. Founded in 1994, the company has facilities in the U.S., Japan, South Korea and Vietnam, plus a headquarters office in Lexington County. The state's Coordinating Council for Economic Development awarded Florence County a $50,000 Set-Aside grant to help cover building improvements.