Toray, based in Japan, is the largest producer of carbon fiber in the world.
SPARTANBURG COUNTY, S.C. -
Spartanburg County is adding 500 jobs with a new carbon fiber manufacturing facility expected from Toray Industries, Inc.
Gov. Nikki Haley announced the expansion at a Rotary Club event in Spartanburg Tuesday.
Toray, based in Japan, is the largest producer of carbon fiber in the world. Final products range from golf clubs to aircraft parts.
In addition to the 500 jobs, the company is expected to bring a $1 billion investment over the next 10 years. That's one of the largest initial capital investments the state has ever recieved, according to the South Carolina Department of Commerce.
And county leaders say they expect those numbers to keep rising.
"I think we'll think about this date 22 years from now and we'll say, 'Wow! They said they'd have 500 employees - it'll be a lot more, and they're investment will be a lot more than one billion," County Councilman David Britt said.
Toray has acquired around 400 acres along Highway 290 in Moore. One of the deciding factors to bring the facility to the Upstate was its proximity to Interstates.
"South Carolina offers Toray Industries an ideal location for our next North American manufacturing facility," Akihiro Nikkaku, president of Toray Industries explained. "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."