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McMaster announces new $360 million development in Chester

South Carolina Gov. McMaster announced a new $360 million development that's expected to bring 200 new jobs to Chester County.

CHESTER COUNTY, S.C. — South Carolina Gov. Henry McMaster and the CEO of IKO Industries announced two major economic developments Wednesday that are expected to bring an estimated 200 jobs to Chester

IKO, which produces roofing, waterproofing and insulation raw materials, announced it will revitalize a factory on Lancaster Highway that's been closed as part of "Project Phoenix." The fiberglass plant was originally opened by PPG in 1996 before the company sold it to Nippon Electric Glass in 2017. It was shut down during the COVID-19 pandemic, putting over 100 employees out of work.

The $360 million investment is IKO's largest ever in the U.S., David Koschitzky said. 

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McMaster said he hopes the projects will encourage more companies to consider moving their operations to South Carolina. 

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