JOB FACTS*

U.S. subsidiaries in South Carolina have consistently supported a significant number of jobs in the state. They now employ 123,400 South Carolina workers-an increase of nearly 11% over five years.

In fact, the relative portion of jobs in the state supplied by U.S. subsidiaries has remained strong over time. They provide the livelihood for close to 8.1% of South Carolina's private-sector workforce. The state ranks 2nd in the country in the share of its workforce supported by U.S. subsidiaries.

PROMINENT U.S. SUBSIDIARIES IN THE STATE

BASF Corporation

Beneteau USA

BMW Manufacturing Corporation

Freightliner

Fuji Photo Film Company

GlaxoSmithKline

Honda

Inergy Automotive Systems

Michelin North America

Nestle USA, Inc.

Roche Consulting

Ryobi Ltd.

Sodexho Inc.

Square D Company

VNA Holdings

Westinghouse Electric Corp.

MANUFACTURING JOB FACTS

U.S. subsidiaries support 62,400 manufacturing jobs in South Carolina. Manufacturing companies tend to have a strong "multiplier" effect on the economy-stimulating a substantial amount of activity and jobs in other sectors through their demand for inputs from other suppliers.

Overall, approximately 50.6% of jobs at U.S. subsidiaries in South Carolina are in manufacturing industries.

ONE COMPANY'S STORY

Michelin North America, Inc., the U.S. subsidiary of France's Groupe Michelin, began producing tires in the United States with the opening of its first radial tire plant in South Carolina in 1975. In the Palmetto State today, Michelin has more than 8,000 employees at its North American headquarters in Greenville, seven plants, state-of-the-art test track and North American research and development center. Michelin has invested more than $2 billion in South Carolina and is the state's largest exporter through the Port of Charleston. Widely regarded as the world leader in tire technology and innovation, Michelin designs and produces tires for every segment of the market, from passenger tires to truck tires to earthmover tires.