Teijin Buys Land to Build Carbon Fiber Plant in SC

Japanese technology company Teijin Ltd announced Friday that it has acquired 440 acres of commercial land in Greenwood, South Carolina to build a carbon fiber production site for automotive and aerospace applications.

The company will invest about $600 million in the Greenwood site by 2030, the company said in a press release, and the new facility will generate around 220 positions.

“The Teijin Group is leveraging its core strengths in integrated high-performance materials and healthcare,” the company said. “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.”

Expanding its positon in the North American market, Teijin said it has been “examining an appropriate footprint” in the continent. Recently, the Japanese company acquired a leading automotive composite supplier in North America, Continental Structural Plastics Holdings Corporation, with an anticipated transaction completion date in December 2016.

Teijin was founded in 1918 and is headquarted in Tokyo.

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