864-616-1608

DavidPainter@kw.com
403 Woods Lake Rd, Suite 100
Greenville, SC 29607

Spotlight: Advanced Materials Industry

Greenville, South Carolina has come a long way since its 19th century beginnings as a center for cotton mills. But advanced materials industry is still an important part of the region’s economy.

Find out more in this week’s post.

 

Early textile manufacturing, Credit: University of South Carolina

Early textile manufacturing, Credit: University of South Carolina

When Greenville was growing tremendously in the late 1800s, the most significant infrastructure that came to the area was cotton mills. By 1915 Greenville was known as the “Textile Center of the South.”

We’ve come a long way since those early years – but the South Carolina Upstate continues to be an attractive location for all types of advanced materials.

For example, Toray Industries – a Tokyo-based manufacturer of fibers and textiles, plastic resins, films and carbon fiber composite materials – announced in 2016 that it selected

Spartanburg County as the location of its next global facility. The $1 billion investment over the next decade represents one of the largest initial capital investments in South Carolina’s history. It’s expected to create 500 new jobs.

Leaders break ground on Toray plant in Spartanburg County, Credit: GoUpstate.com

Leaders break ground on Toray plant in Spartanburg County, Credit: GoUpstate.com

Likewise, Airbus supplier Teijin – another Japanese carbon fiber manufacturer – announced in late 2016 that it plans to invest $600 million in a new plant in Greenwood County, which will create 220 new jobs.

Cytec Carbon Fibers also has production facility in Piedmont, South Carolina. Bill Wood, President of Cytec Aerospace Materials, commented of the area…

“Greenville County offers a number of benefits – a pool of highly-skilled talent and close proximity to in-depth training offered by South Carolina’s Technical College System.”

Greenville’s advanced materials industry is just one facet of our region’s world-class business community. I invite you to come experience it for yourself – and give me a call. I’ll be happy to show you around.

 

*Sources: https://en.wikipedia.org/wiki/Greenville,_South_Carolina; http://www.greenvilleeconomicdevelopment.com/advanced-materials.php; https://upstatebusinessjournal.com/teijin-announces-600-million-carbon-fiber-plant-greenwood-county/; http://www.readysc.org/toray/

 

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