Navigating the globe for lower costs of labour, energy, cotton and land, Keer Textiles is relocating its manufacturing operations to the US, bringing itself closer to its raw material suppliers in Carolina. A Shanghai based Textile Company Keer is relocating a portion of its yarn production line to Lancaster accruing to an investment of US $ 218 million investment and generate over 500 jobs. Wally Wang, DGM at Keer America believes that this shift will bring more textile sector related investments to the region. Set to finish in December, Keer’s Lancaster based facility will be spread over 230,000-square-feet and have 32 production lines. Further, the company plans to add more lines, making the total area covered 1 million square feet.
“Following a development in 2010, wherein the Chinese government introduced a series of bank loan and financing benefits for private enterprises to invest abroad, the Chinese investments in US have picked up pace as there are 20 to 25 Chinese companies visiting South Carolina to evaluate investment opportunities every year,” shares John Ling, a China native who has worked for the South Carolina’s Department of Commerce for almost 15 years.
