GREENWOOD, S.C. — June 1, 2018 — Teijin Ltd. announced today that it celebrated the groundbreaking of its new carbon-fiber production facility of its wholly-owned subsidiary Teijin Carbon Fibers Inc. (TCF). The ceremony was held on Friday, June 1, at the TCF site located on Highway 246 South in Greenwood, S.C.
Teijin, aiming to be an enterprise that supports the society of the future, will further evolve its carbon-fiber businesses under a long-term vision to reduce the environmental footprint to satisfy tightening environmental regulations worldwide.
“We look forward to this new chapter of Teijin’s expansion in the U.S.,” said Yukito Miyajima, president, TCF. “We are strengthening its global upstream-to-downstream carbon fiber business. We have been leveraging research and development to expand carbon fiber business in the aircraft and automotive fields. Throughout this process, we looked at multiple locations, but ultimately, with the support of local and state government officials, we chose Greenwood as the ideal location for our new U.S. carbon fiber facility.”
“South Carolina continually strives to build upon our manufacturing industry and Teijin’s expansion and commitment to our state is proof that our hard work is paying off,” said Bobby Hitt, Secretary of Commerce, South Carolina. “We treasure our relationship with Teijin and look forward to industry success for years to come.”
The TCF facility is expected to create some 220 jobs with $600 million worth of investment around 2030. This is the largest initial capital investment that a company has ever created in Greenwood.
“We are thrilled to welcome Teijin to Greenwood and look forward to the growth and opportunity it will bring to this community,” said Heather Simmons Jones, CEO of Greenwood Partnership Alliance. “After years of extensive preparation, we could not be more excited to watch this project come to life. We are so grateful for their commitment to both Greenwood County and the state of South Carolina.”
Posted June 1, 2018
Source: Teijin Ltd.
