AUBURN HILLS, Mich.--(BUSINESS WIRE)--Teijin Automotive Technologies broke ground today to expand the capabilities at its Huntington, Indiana, facility, adding a topcoat line and assembly area. These additions enhance the capabilities of the company’s Huntington facility, which currently include compression molding, bonding, water jetting, sanding, and priming.
Specifically, Teijin Automotive Technologies purchased 30 acres in the new Riverfork West Industrial Center and will be building a 164,400 square-foot facility on this site to house a new paint line and assembly capabilities. This facility will be located across Indiana Highway 9 from the company’s existing 350,000 square-foot manufacturing facility. The new facility is expected to be complete, including all equipment installation, by December 2023, and will employ approximately 110 people when operations begin in April 2024, and more than 200 at full employment.
“As demand for our innovative, lightweight components continues to grow, we have the opportunity to add capabilities and capacity to meet current and future customer needs,” said Steve Rooney, Teijin Automotive Technologies CEO, and general manager of Teijin’s Composites Business Unit. “This site near to our existing Huntington facility made sense because there was land available, and we knew we could access a skilled workforce. We are grateful for the continued support and collaboration from the economic development teams from the State of Indiana, Huntington County, and the Huntington community.”
Teijin Automotive Technologies and its parent company Teijin Limited are making an investment of more than $100 million, including the land, building and equipment, to support future growth and maintain its competitive advantage. The Huntington area was selected for this expansion based on a number of factors, including the availability of a skilled workforce, proximity to a number of current and potential customer facilities in Indiana and surrounding states, and tax credits offered through the Indiana Economic Development Corporation’s EDGE Program (Economic Development for a Growing Economy).
About Teijin Automotive Technologies
Teijin Automotive Technologies specializes in the development and production of advanced composite components – including carbon and glass fiber – for the global automotive and transportation industries and is an integral part of the Teijin Group of companies. The company is a worldwide leader in composite formulations with a focus on providing automakers with lightweight, durable products that enable design and packaging flexibility. Headquartered in Auburn Hills, Mich., USA, Teijin Automotive Technologies has 29 operations in 8 countries and employs more than 5,000 people. For more information visit Teijinautomotive.com.
About the Teijin Group
Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in the fields of environmental value; safety, security and disaster mitigation; and demographic change and increased health consciousness. Originally established as Japan’s first rayon manufacturer in 1918, Teijin has evolved into a unique enterprise encompassing three core business domains: high-performance materials including aramid, carbon fibers and composites, and also resin and plastic processing, films, polyester fibers and products converting; healthcare including pharmaceuticals and home healthcare equipment for bone/joint, respiratory and cardiovascular/metabolic diseases, nursing care and pre-symptomatic healthcare; and IT including B2B solutions for medical, corporate and public systems as well as packaged software and B2C online services for digital entertainment. Deeply committed to its stakeholders, as expressed in the brand statement “Human Chemistry, Human Solutions,” Teijin aims to be a company that supports the society of the future. The group comprises more than 170 companies and employs some 20,000 people across 20 countries worldwide. Teijin posted consolidated sales of JPY 836.5 billion (USD 7.7 billion) and total assets of JPY 1,036.4 billion (USD 9.5 billion) in the fiscal year that ended on March 31, 2021. For more information about the Teijin Group visit Teijin.com.
