Teijin proceeds with business expansion in the US

Teijin Limited completed the purchase of approximately 1.8 million sq.m. (about 440 acre) commercial land in Greenwood, South Carolina, in U.S. where the company plans to construct a highly-efficient carbon fiber production site for automotive and aircraft applications. The production plant will generate some 220 jobs and entails US$600 million worth of investment around 2030.

The Teijin Group is leveraging its core strengths in integrated high-performance materials and healthcare. With this investment, Teijin will speed up 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), a leading automotive composite supplier in North America, which is scheduled to be completed in December 2016.