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Business
South Carolina Business Review

German chemical plant for ammo coming to Charleston

By Mike Switzer
Published July 13, 2026 at 6:06 AM EDT
Mike Switzer, host of the South Carolina Business Review
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Mike Switzer, host of the South Carolina Business Review

It’s Monday, and that’s when we like to take a look at current business issues that are trending across our state and discuss them with one of our fellow news media friends. This week, Mike Switzer interviews John McDermott, business editor of the Post and Courier in Charleston, SC. John tells us about:

  • DoD to bankroll a $150M German-operated chemical plant to make military ammo accelerant on Cooper River in Charleston
  • Santee Cooper sets a key date for $2.7B sale of nuclear reactor
  • Polestar, which builds electric SUVs at the Volvo SC plant, is banned from selling its vehicles in the US under the feds’ web-connected policy
  • Last cruise at Union Pier; possibility of cruises coming back
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South Carolina Business Review businessSC Business ReviewSC News
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Mike Switzer
After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.
See stories by Mike Switzer