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4th November 2016, Tokyo

Teijin invests $600 million in US carbon fibre plant

Teijin plans to establish a highly-efficient carbon fibre production site for automotive and aircraft applications.Teijin, a leading technology-driven group, has completed the purchase of approximately 1.8 million square metres of commercial land in Greenwood, SC, in US, where it plans to establish a highly-efficient carbon fibre production site for automotive and aircraft applications.

With the acquisition, the company says it aims 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 utilizing its trilateral hubs in Japan, US and Europe.

Automotive and aircraft applications

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. Through this acquisition, Teijin intends to establish the foundations of an automotive composite products business in North America, and to accelerate its expansion as a tier 1 supplier of high-performance composites to the global automotive market.

Teijin Group

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.

Its main fields of operation are high-performance fibres such as aramid, carbon fibres and composites, healthcare, films, resin and plastic processing, polyester fibres, products converting and IT. The group has some 150 companies and around 16,000 employees spread out over 20 countries worldwide.

www.teijin.com

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