Boeing supplier Toray Industries is planning to invest $1 billion and hire 500 employees over the next 10 years at a brand new 400 acre carbon fiber manufacturing facility in South Carolina, US. Toray is based in Japan. It is one of the world's largest producers of carbon fiber and the South Carolina plant will make high-performance carbon fiber for the aerospace industry.
The aerospace industry is growing in South Carolina. The state has more than 200 aerospace companies. Toray will also receive tax breaks that would kick in after the state certifies the company has met its jobs and investment targets.
Toray Industries sees South Carolina as an ideal location for its next North American manufacturing facility since it will have proximity to major customers, both in the US and in Latin American markets. Toray views the United States as a key expansion market for the company due to the revival in manufacturing that is pushing demand for advanced materials, particularly those used in the aerospace and energy-related industries.
Toray Industries manufactures and sells fibers, textiles, plastics, chemicals, IT-related products, carbon fiber composite materials, environment and engineering products and systems, and life science products worldwide.
www.toray.com/
