NetComposites
Airtech

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.

 






Related / You might like...

Wabash and Carver Showcase Composite Moulding Presses at SAMPE 2018

Wabash and Carver will highlight their composite moulding presses at the SAMPE 2018 Conference & Exhibition on 23-24 May in Long Beach, California, US.

Attwater Invests in CNC Upgrades

Attwater has invested £100,000 in two new CNC machines.

Velox Strengthens Activities in Eastern Europe

Velox is intensifying its activities in Eastern Europe and Russia and will exhibit at Plastpol on 22-25 May 2018 in Kielce, Poland, alongside long-term partner Lubrizol.