NetComposites
Southern Manufacturing

Teijin Completes Land Acquisition for Business Expansion in US

08 November 2016

Teijinhas completed the purchase of approximately 1.8 million m2 (about 440 acre) commercial land in Greenwood, South Carolina, US.

Teijin explains that it plans to establish a highly-efficient carbon fibre production site for automotive and aircraft applications on the acquired land to meet diversified demands and create some 220 jobs with USD 600 million worth of investment around 2030.

The Teijin Group is leveraging its core strengths in integrated high-performance materials and healthcare. Through this investment, Teijin says it will accelerate its global expansion in integrated high-performance material businesses by utilising its trilateral hubs in Japan, US and Europe. Teijin will continue to evolve, aiming to become a company that supports future society.

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 realise 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.

 





Share this story


Related / You might like...

Covestro and Haier Plan Digitalisation Joint Laboratory

Covestro and the Haier Group, a major global brand for household appliances, have agreed to set up a joint laboratory in Qingdao, China, for the digitalisation of appliance production.

Composite Integration Appoints Distributor in India

Composite Integration are excited to announce it has appointed TrioBotics Automation Solutions as their official distributor in India with immediate effect.

NETZSCH and USQ Join in Research Partnership to Advance Automated Composite Manufacturing

Accepting challenges and creating solutions - these are the goals of NETZSCH Research Partnerships.