Palmetto Corp. to build $15M asphalt plant in Spartanburg County

A South Carolina-based construction company with eight states around the state is investing $15 million to establish another through a partnership with Luck Stone.

Palmetto Corp., which provides paving services and site development solutions, said it will construct a state-of-the-art asphalt plant at Luck Stone’s existing site in Enoree. Luck Stone provides crushed stone aggregates and environmental performance products.

The two companies announced the new partnership in a news release.

The new plant will support road construction, resurfacing and infrastructure development across the region, according to the news release. The project is expected to create 50 jobs and begin operations in 2026.

“We are pleased to join Luck Stone in Enoree to streamline the logistics of our asphalt manufacturing process and bring good-paying jobs to Spartanburg County,” Eric Faulk, chief operating officer of Palmetto Corp., said in the release. “Once completed, we will be able to employ the latest technology to turn the crushed aggregate we purchase from Luck Stone into asphalt at the same location, increasing our efficiency and effectiveness as a company.”

Last year, Luck Stone announced plans for significant investment across Chester, Edgefield, Saluda and Spartanburg counties, in addition to expanding its sites in Fairfield and Kershaw counties. Palmetto Corp.’s Enoree location represents the company’s eighth plant in the state and its second in two years, following the opening of its Fairfield County site.

“Luck Stone is proud to support Palmetto Corp.’s growth through this co-location agreement,” Trevor McLouth, vice president, South Carolina Luck Stone, said in the release. “This partnership reflects how we approach growth at Luck Companies: with a focus on people, community, and long-term impact. Our mission to ignite human potential and make a positive impact guides how and where we grow, and we’re excited about what this means for Spartanburg County.”

This marks the second time Luck Stone and Palmetto Corp. have partnered on a co-location in South Carolina. The Palmetto Corp. plant will operate within the existing footprint of the Enoree site, which began operations in December 2024.

Palmetto Corporation is a third-generation fully company. Its range of services includes asphalt paving and maintenance, concrete construction, grading, reclamation, crushing, trucking, erosion control, and surveying.

Luck Stone has been operating for more than 100 years. A division of Luck Companies, it is the nation’s largest family-owned and operated producer of crushed stone, sand and gravel, according to the release. Luck Companies is headquartered in Richmond, Va., where it was founded by Charles Luck Jr. in 1923. Charlie Luck IV and Richard Luck lead the company today.