Kamic Corp. plans $600k investment in Walesboro plant

The Kamic Corporation is planning a $600 thousand dollar investment in new equipment at its plant on Inwood Drive in Columbus.

The company asked Columbus City Council to approve a tax abatement for the investment last night.

The project will bring state of the art induction hardening equipment to the facility, allowing the company to improve efficiency. The company says that the investment will allow it to retain 46 jobs with an average wage of just over $27 an hour. According to city officials, Kamic opened its plant in 1995, moving production of its machine parts from Japan. The parts are used by several local companies.

Columbus City Council approved the abatement request, which will allow the company to phase in new property taxes over the next 10 years. While the abatement will save the company about $32 thousand in property taxes over the next 10 years, it will still be paying $22 thousand more than it does now.

Map graphic courtesy of the city of Columbus.