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Demand for Housing in Charleston Will Increase with New and Revitalized Industries Creating Job Growth

By
Real Estate Agent with Vandermorgan Realty

Charleston Area keeps bringing in new industries and revitalizing the infrastructure of existing sites. The latest news for Charleston is for expansion of the old Shell Lubricant site which will create approximately 160 jobs. Increasing jobs will help stabilize and grow the Charleston housing market.

 

Charleston Post & Courier - December 1, 2008 - Delfin Group USA plans North Charleston expansion

 

Russia's Delfin Group USA, also known as Project Bluewater, is looking to add 160 jobs at the former Shell Lubricants plant on Virginia Avenue in North Charleston.

An expansion-minded business previously known only by the code name "Project Bluewater" has been unveiled: Petroleum product manufacturer Delfin Group USA plans to expand its North Charleston plant.

Headquartered in Russia, Delfin purchased the former Shell Lubricants site on Virginia Avenue for $20 million less than a year ago. Now it plans to invest $55 million in the facility. Delfin will retrofit the plant's existing infrastructure to support manufacturing for its automotive and industrial lubricants to be sold in the U.S. and abroad.

The company's North Charleston operation employs 15 workers but will add 160 jobs within the next three to four years, according to a statement Monday.

Delfin said it will complete the initial phase of the expansion next year.

To read the whole article visit: http://www.charleston.net/news/2008/dec/01/delfin_group_usa_plans_n_charleston_expa63524/

For more information on demand for housing Charleston please visit: Charleston Housing

EXIT Realty Charleston Group