Teijin Ltd. establishing manufacturing operations in Greenwood County
November 7, 2016
Teijin Ltd., a Japanese chemical, pharmaceutical and information technology company, will be constructing a state-of-the-art manufacturing facility in Greenwood County. Creating 220 new jobs, the project is expected to bring $600 million in new capital investment to Greenwood County – the largest initial capital investment by a company in the county’s history.
Founded in 1918, Teijin is a technology-driven global group offering advanced solutions in the areas of sustainable transportation; information and electronics; safety and protection; environment and energy; and healthcare. The company’s main fields of operation include high-performance fibers, such as aramid, carbon fibers and composites, resin processing, polyester fibers and more. The group has approximately 150 companies and 16,000 employees spread across 20 countries worldwide.
Located along S.C. Highway 246 in Greenwood, S.C., the company will be constructing a carbon fiber manufacturing facility to supply the automotive, aerospace and industrial markets. With a very high strength-to-weight ratio, carbon fiber is an environmentally-friendly solution for the advanced manufacturing industry.
Details on hiring for the new positions will be announced after completion of ongoing engineering studies. For more information on the company, visit www.teijin.com.
“After an extensive site selection process that included 6 states, Teijin selected Greenwood, S.C. because of its pro-business atmosphere and proactive support from Governor Haley and her team, as well as local government officials,” said Teijin Director of Government Relations Wayne Trotter.
FIVE FAST FACTS
- Teijin, Ltd. is establishing manufacturing operations in Greenwood County.
- $600 million capital investment to create 220 new jobs.
- Teijin is a Japanese chemical, pharmaceutical and information technology company, with a focus on the production of high-performance fibers.
- Teijin will be constructing a state-of-the-art carbon fiber manufacturing facility in Greenwood to supply the automotive, aerospace and industrial markets.
- Details on hiring for the new positions will be announced after completion of ongoing engineering studies.
About the Teijin Group:
Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in the areas of sustainable transportation, information and electronics, safety and protection, environment and energy, and healthcare. Its main fields of operation are high-performance fibers such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fibers, products converting and IT. The group has some 150 companies and around 16,000 employees spread out over 20 countries worldwide. It posted consolidated sales of JPY790.7 billion (USD 7.4 billion) and total assets of JPY 823.4 billion (USD 7.7 billion) in the fiscal year ending March 31, 2016.
