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Toray Industries acquires land in the US, will invest close to $1 billion (Update)

3:23 AM MST | February 18, 2014 | Natasha Alperowicz

Toray Industries announced on Monday that it purchased about 400 acres of commercial land in Spartanburg County, SC for its future business expansion in the United States. Toray, which already operates a wide range of businesses in the US, including fibers and textiles, plastic resins, films, carbon fiber composites and water treatment materials, says the US is expected to regain its industrial competitiveness on the back of shale gas and oil revolution and the resulting revival in manufacturing. The company tells CW that it selected the SC site because of...

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