COLUMBIA — LaserForm & Machine Inc., a metal fabricator located northeast of Columbia, is planning a $5 million, 20,000-square-foot expansion that will boost the company's capacity and employ 51 new employees.
The company, which currently employs about 100 workers, provides various metalworking services, including laser cutting, forming, turret punching, welding, machining and powder coating, at its Farrow Road facility.
LaserForm builds parts for a variety of industries including those used by ground support for airlines, HVAC, elevators, security, wastewater treatment, boat building, agriculture, and machinery.
“LaserForm & Machine’s expansion represents a significant investment in our associates and manufacturing capabilities which will allow us to not only continue to meet current market demand but position us to aggressively pursue future opportunities," Plant Manager Chris Cromer said in a statement.
In exchange, Richland County approved LaserForm for a 30-year reduced property tax rate of 6 percent, rather than the 10.5 percent rate typically charged to manufacturers.
“LaserForm & Machine has called Richland County home for nearly 30 years, and it's exciting to see the company continue to thrive and grow. Council is happy to see one of our community's longtime employers continue to create additional well-paying jobs," Richland County Council Chairman Overture Walker said in a statement.
The expansion is expected to be complete by March 2023.