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Kershaw County OKs assignment of fee-in-lieu agreements as new U.S. owners take over former Denkai plant
Summary
Council unanimously approved a resolution assigning existing fee-in-lieu-of-tax agreements for the former Denkai facility to the purchasing parties; the new owners said the operation will be American-owned, expect roughly 50 jobs initially, and aim to continue production of copper foil.
Kershaw County Council unanimously approved a resolution on April 22 authorizing assignment of two fee-in-lieu-of-tax (FILO) agreements tied to the former Denkai America facility to the purchaser group that will operate the plant under names including Camden Copper and PMC.
County staff and economic development officials said the assignments follow negotiations with the purchaser. County economic-development staff introduced Adam Johnson, chief executive of PMC, and Colonel Wesley Spurlock, co‑founder and chief operating officer, who said they intend to operate and expand copper foil…
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