IFA, a direct supplier of propshafts for passenger cars and light commercial vehicles, is constructing a new manufacturing and distribution facility in Berkeley County. The development represents $69 million of capital investment and is projected to create more than 120 new jobs in the coming years.
As one of the largest manufacturers of propshafts in the world, IFA assembles approximately two million state-of-the-art propshafts every year in Ladson, S.C. The company was established in 2002 and currently employs more than 600 people in the United States, serving many of the largest global automobile manufacturers.
As a first step toward a future consolidated site, IFA will be constructing a new 234,000-square-foot facility at 479 Trade Center Parkway in Summerville, S.C. This new building will enable IFA to add constant-velocity joint (CVJ) manufacturing to its North American business portfolio. Hiring for the new positions is projected to begin in the second quarter of 2018.
The Coordinating Council for Economic Development has approved job development credits related to this project. A $150,000 Closing Fund grant was also awarded to Berkeley County to assist with the costs of site preparation.