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Teijin plans to set up carbon fibre plant in US

07 Nov '16
1 min read

Teijin Ltd is planning to establish a highly-efficient carbon fibre production site for automotive and aircraft applications in US. Teijin, a technology-driven global group, has purchased around 1.8 million square metres (about 440 acre) in Greenwood, South Carolina. By around 2030, it intends to create nearly 220 jobs with an investment of $600 million.
 
The company is leveraging its core strengths in integrated high-performance materials and healthcare. Through this investment, Teijin will accelerate its global expansion in integrated high-performance material businesses by utilising its trilateral hubs in Japan, US and Europe. It will continue to evolve, aiming to become a company that supports future society.
 
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.
 
The company has also agreed to a full acquisition of Continental Structural Plastics Holdings Corporation (CSP), a leading automotive composite supplier in North America. The acquisition is scheduled to be completed in December 2016. (RR)

Fibre2Fashion News Desk – India

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