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TDC Cutting Tools (2015)

Seneca, SC

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NMTC Amount: $10,000,000

Est. Total Project Cost: $11,783,660

COMMUNITY IMPACT

TDC Cutting Tools, Inc., one of the world’s leading manufacturers of cutting tools, established its overseas headquarters in Oconee County, S. C. at the same site as its subsidiary, Greenfield Industries. The company invested $11.7 million in the construction of a 47,000-sq.-ft. campus, including a 32,000-sq.-ft. office building and a 15,000-sq.-ft. high-speed metals recycling facility. The recycling facility’s purpose is to enable sustainable solutions in the metal recycling industry that reduce solid materials waste. It permits Greenfield to tap into an existing flow of steel scrap to which its strategic partners are highly connected, and it helps ensure additional steel scrap metal is reprocessed rather than disposed of in landfills. Together, both companies employ more than 3,300 individuals worldwide and produce more than 300 million tools annually.

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