Toray selects Spartanburg Co. for its expansion in the U.S. – $1 billion investment expected to create 500 jobs

February 18, 2014

A Tokyo-based manufacturer plans to locate its next global facility in Spartanburg County, an anticipated $1 billion investment during the next decade expected to create 500 jobs.

Facts Facts from the S.C. Department of Commerce – The $1 billion capital investment represents one of the highest initial investments in S.C. history. – State officials expect 500 new manufacturing jobs to be created in Spartanburg County. – Based in Tokyo, Japan, Toray is the largest producer of carbon fiber in the world. – The facility will be a major supplier of advanced materials to the aerospace industry. – The new facility will be located on about 400 acres along Highway 290 in Moore, with access to I-26 and I-85. The announcement, made by Gov. Nikki Haley in Spartanburg on Tuesday, represents one of the largest initial capital investments in the state’s history.

Toray Industries Inc., a manufacturer of fibers and textiles, plastic resins, films and carbon fiber composite materials has selected 400 acres along Highway 290 in Moore, a location that has access to interstates 26 and 85.

“South Carolina offers Toray Industries an ideal location for our next North American manufacturing facility. Here we will have proximity to major customers, both in the U.S. and in Latin American markets. We appreciate the great working relationship we have established with the state and local officials, and we look forward to becoming part of the South Carolina business community,” Akihiro Nikkaku, president of Toray Industries, said in a written statement.

Spartanburg County Council Chairman Jeff Horton said the county is pleased to have Toray join the growing family of international companies in Spartanburg County.

“Toray’s selection of our community for this significant investment continues to demonstrate Spartanburg’s ability to compete on the global stage,” Horton said in a written statement.

Toray is the largest producer of carbon fiber in the world, according to a statement from the company.

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