The Japan-based Teijin Group reports it has purchased roughly 1.8-million-square-meters of land in Greenwood, S.C., to be used as the site for a new automotive and aircraft carbon fiber production facility. The $600 million will create approximately 220 jobs by 2030.
“After an extensive site selection process that included six states, Teijin selected Greenwood because of its pro-business atmosphere and proactive support from Governor Haley and her team, as well as local government officials,” said Wayne Trotter, director of government relations for Teijin.
In other company news, Teijin has agreed to acquire Auburn Hill, Mich.-based automotive composites supplier Continental Structural Plastics Holdings Corp. The deal is expected to close in December.