Teijin Acquires Land for Expanding Business in U.S.

Teijin Limited has purchased approximately 1.8 million square meters (about 440 acres) of commercial land in Greenwood, South Carolina (U.S.).

The company plans to invest US$600 million by around 2030 for establishing a highly efficient carbon fiber production site on the acquired land in order to meet diversifying demands in automotive and aircraft applications. This project is to create some 220 jobs.