NetComposites
Advanced Engineering 2018

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...

Cobra International Exhibits Product Range at CAMX 2018

Cobra International will showcase a range of composite products at CAMX 2018, including carbon fibre components for the automotive, transportation, marine, water sports and luxury sectors.

Metyx Expands Warehousing Facilities in Hungary

The Metyx Hungary factory, located in Kaposvár, has recently expanded its warehousing facilities, adding an additional 3,024 m2 of enclosed storage space for composite technical fabrics, packaging and FRP tooling.

Chomarat Reinforcements Feature in Live Demos at CAMX 2018

A skateboard, architectural panels and a rigid roof for boats, all built using Chomarat composite reinforcements, will be on display at CAMX 2018.