Japanese company to invest $1 billion in Upstate plant - FOX Carolina 21

Japanese company to invest $1 billion in Upstate plant

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Gov. Nikki Haley announces $1 billion investment. (Feb. 18, 2014/FOX Carolina) Gov. Nikki Haley announces $1 billion investment. (Feb. 18, 2014/FOX Carolina)
SPARTANBURG, SC (AP/FOX Carolina) -

Governor Nikki Haley was in Spartanburg on Tuesday to make the announcement that an international company would be opening an Upstate facility, resulting in a $1 billion investment.

Toray Industries has bought 400 acres in the Moore area at US 221 and 290. The company is based and Japan and makes carbon fiber, supplying the aerospace industry.

Haley was at the Spartanburg Downtown Rotary Club to make the major economic announcement Tuesday, one of the largest in South Carolina history.

The investment is expected to create 500 jobs in the next decade in Spartanburg County.

Toray Industries president Akihiro Nikkaku said the property with access to Interstates 26 and 85 provides proximity to U.S. and Latin American customers.

The aerospace industry is growing in South Carolina. According to the Department of Commerce, more than 200 aerospace companies employ 20,000 people in the state.

Copyright 2014 FOX Carolina (Meredith Corporation). All rights reserved. The Associated Press contributed to this report.

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