During a speech to the Spartanburg Rotary Club on Tuesday, Gov. Nikki Haley revealed that a Japanese aerospace supplier is planning to build a massive new facility outside the city.
The over $1 billion Toray Industries announcement would be one of the biggest initial investments in state history, according to the South Carolina Department of Commerce. The company hopes to eventually create 500 jobs over the next decade. However, the announcement did not say when construction would begin or when the plant would open.
Toray is the world’s largest producer of carbon fiber, and plans to use the Spartanburg County facility as a supplier for aerospace companies. South Carolina awarded Toray $10 million in Closing Fund grants to help develop the site, according to a Department of Commerce spokeswoman.
“South Carolina offers Toray Industries an ideal location for our next North American manufacturing facility,” company president Akihiro Nikkaku said in a statement. “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.”
The company says it has acquired approximately 400 acres in Spartanburg County for its future business expansion. The site is located along S.C. Highway 290 in Moore.
“It is truly a great day when we get to announce something this significant,” Gov. Haley said. “Toray Industries’ $1 billion investment and 500 new jobs will be a real game-changer for the Upstate and all of South Carolina.”