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Gov. Sanford meets with ZF Transmissions Officials, Laurens County Officials, Upstate Residents

December 9, 2010

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STATE OF SOUTH CAROLINA

OFFICE OF THE GOVERNOR

MARK SANFORD, GOVERNOR

FOR IMMEDIATE RELEASE

Contact: Ben Fox   803-734-2100   bfox@gov.sc.gov

Gov. Sanford meets with ZF Transmissions Officials, Laurens County Officials, Upstate Residents

Columbia, S.C. – December 9, 2010 – Gov. Mark Sanford today joined Dr. Ludger Reckmann, CEO of the German-based ZF Transmissions South Carolina, to discuss with Laurens County officials and residents the significance of the company’s recent decision to put down roots in South Carolina. In July Gov. Sanford joined ZF officials in Friedrichshafen, Germany to announce the company’s decision to expand its operations in South Carolina. ZF Group will invest approximately $350 million in a new manufacturing facility in Laurens County, and create 900 new jobs.

“ZF’s decision to invest in South Carolina is both incredibly significant on its own terms, and it’s further evidence that our state is taking the lead in the automotive industry. With BMW’s recent decision to undertake a massive $750 million expansion, what we’re witnessing is a new era of private sector growth that will have a transformative affect not just on the Upstate but on the state as a whole. Indeed as we near the end of our administration, I think we’re leaving South Carolina in a position to achieve new levels of economic growth. On that front I’d again thank Secretary Joe Taylor and his team at Commerce for the phenomenal job they’ve done in recruiting investment; and with regard to today’s announcement I’d thank the Laurens County Council, Marvin Moss, and the greater economic development team in Laurens County, for their many efforts.”

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