Fiber Industries LLC has announced plans to open a new polyester fiber operation in the former Wellman Palmetto facility in Darlington, S.C. New York City-based investment firm MHR Fund Management LLC created Fiber Industries in order to restart the plant. The at least $30 million investment is expected to create jobs for 135 people, and should be in production in early 2018. The operation will be led by Andrew Rosenfeld and Leandro Carboni.
“Fiber Industries is excited about the opportunity to restart the Palmetto Plant and bring jobs to the Darlington area,” said Rosenfeld and Carboni. “The management team has been very impressed with the local workforce capabilities observed during its due diligence process.”