Teijin to build $600 million carbon fiber production plant in South Carolina

The move will create about 200 jobs focusing on carbon fiber production site for automotive and aircraft applications.

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Teijin Limited (Tokyo, Japan) has purchased about 440-acres of commercial land in Greenwood, South Carolina to establish a carbon fiber production site for automotive and aircraft applications. The company will invest $600 million and create 220 jobs by 2030. Through this investment, Teijin will accelerate its global expansion in integrated high-performance material businesses by utilizing its trilateral hubs in Japan, U.S. and Europe.

The Teijin Group is implementing a solutions-oriented business model by combining and integrating materials, healthcare and IT technologies as part of its long-term management vision. To realize this strategy, Teijin focuses on developing integrated high-performance material businesses for automotive and aircraft applications and has been examining an appropriate footprint in North America. The company has also agreed to a full acquisition of Continental Structural Plastics Holdings Corporation (CSP) which is scheduled to be completed in December 2016.