's () Ray Gibbs tells Proactive that the company is investing in its South Carolina facilities to bring the manufacture of its new cutting tool in-house.
Gibbs says that the demand for its cutting tool in the aerospace industry to manufacture turbine blades has pushed the company toward the expansion.
He adds that the US$1.5mln investment allows the company to make the products directly and is a significant move that can be refinanced through debt going forward.
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