Teijin Holdings USA President Jane Thomas Named to U.S. Department of Commerce Investment Advisory Council
Tokyo, Japan --- Teijin Limited announced today that Jane Thomas, Teijin Group's Chief Representative in the Americas and President of Teijin Holdings USA Inc., was named as a new member of the U.S. Investment Advisory Council (IAC) and will serve a two-year term.
Thomas will complement the 24 other business professionals on the Council, bringing her many years of private sector experience and perspective to the organization. Her experience overseeing the Teijin Group's operations as well as supporting the Group's new foreign direct investments (FDIs) in the United States will enable her to give valuable advice to Secretary Wilbur Ross. Through her participation to the Council, Teijin looks forward to further contributing to the U.S. economy, helping to grow the manufacturing base, creating new jobs, and strengthening the U.S.-Japan trade relationship.
In recent years, the Teijin Group has sparked a positive cycle of FDIs in the country. In June 2018, Teijin Carbon Fibers Inc, the Teijin Group's carbon fiber business company in the United States, broke ground in Greenwood, South Carolina. This USD 600 million greenfield investment will create 220 new full-time jobs when the facility becomes operational. With the acquisitions of Renegade Materials Corporation this year and Continental Structural Plastics in 2017, the Teijin Group continues to increase its manufacturing capacity in the United States and will provide highly sought-after strategic materials to the U.S. automotive and aerospace industries.
The IAC is comprised of business and economic development leaders representing various industries, companies and associations, as well as regional, state and local economic development organizations. Members are responsible for advising the U.S. Secretary of Commerce on the development and implementation of strategies and programs to attract and retain foreign direct investment in the United States.
Thomas will complement the 24 other business professionals on the Council, bringing her many years of private sector experience and perspective to the organization. Her experience overseeing the Teijin Group's operations as well as supporting the Group's new foreign direct investments (FDIs) in the United States will enable her to give valuable advice to Secretary Wilbur Ross. Through her participation to the Council, Teijin looks forward to further contributing to the U.S. economy, helping to grow the manufacturing base, creating new jobs, and strengthening the U.S.-Japan trade relationship.
In recent years, the Teijin Group has sparked a positive cycle of FDIs in the country. In June 2018, Teijin Carbon Fibers Inc, the Teijin Group's carbon fiber business company in the United States, broke ground in Greenwood, South Carolina. This USD 600 million greenfield investment will create 220 new full-time jobs when the facility becomes operational. With the acquisitions of Renegade Materials Corporation this year and Continental Structural Plastics in 2017, the Teijin Group continues to increase its manufacturing capacity in the United States and will provide highly sought-after strategic materials to the U.S. automotive and aerospace industries.
The IAC is comprised of business and economic development leaders representing various industries, companies and associations, as well as regional, state and local economic development organizations. Members are responsible for advising the U.S. Secretary of Commerce on the development and implementation of strategies and programs to attract and retain foreign direct investment in the United States.
- 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 over 170 companies and around 20,000 employees spread out over 20 countries worldwide. It posted consolidated sales of JPY888.6 billion (USD 8.1 billion) and total assets of JPY 1020.7 billion (USD 9.3 billion) in the fiscal year ending March 31, 2019.
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