08 November 2016
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.
Web Industries has signed a letter of intent with East Forty to purchase 12 acres of land for a manufacturing plant in Marysville, Washington, north of Seattle, US.
Continental Structural Plastics (CSP), along with its parent company Teijin, were honoured by General Motors with the automakers Innovation Award at its 27th Annual Supplier of the Year awards ceremony held in Warren, Michigan, US.
Launched in 2017, JEC Startup Booster is the leading and unique start-up competition in the world of composites in which hundreds of start-ups participate to pitch their breakthrough innovations in front of a jury of experts from international groups and companies involved in the making of innovative materials.