Teijin Breaks Ground for Carbon Fiber Facility in South Carolina
Tokyo, Japan, June 4, 2018 --- Teijin Limited announced today that it celebrated the groundbreaking of a new carbon-fiber production facility of its wholly owned subsidiary Teijin Carbon Fibers, Inc. (TCF). The ceremony was held on June 1 at TCF site in Greenwood, South Carolina.
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 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 of TCF. “We are strengthening its global upstream-to-downstream carbon fiber business. In particular, 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 Greenwood local and state government officials, we chose Greenwood as the ideal location for our new U.S. carbon fiber facility.”
"South Carolina continues to make great strides in the 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 USD 600 million worth of investment around 2030. This is the largest initial capital investment that a company has ever created in Greenwood.
About the Teijin Group
Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in the areas of environmental value; safety, security and disaster mitigation; and demographic change and increased health consciousness. Its main fields of operation are high-performance fibers such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fibers, products converting and IT. The group has some 170 companies and around 19,000 employees spread out over 20 countries worldwide. It posted consolidated sales of JPY835 billion (USD 7.6 billion) and total assets of JPY 986.2 billion (USD 9 billion) in the fiscal year ending March 31, 2018.
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