Abstract
At the June 1 groundbreaking for Teijin’s $600 million carbon fiber plant in Greenwood, S.C., the local high school orchestra serenaded guests. Flags from the U.S. and Japan, Teijin’s home country, flanked the podium. Gov. Henry McMaster told the 75 people sitting under a fan-cooled tent how proud he was “to have a new partner join us.” And the Japanese consul general in Atlanta, Takashi Shinozuka, greeted the crowd with a “Good morning, y’all,” relating that in Japan, “South Carolina is well known as a great place to do business.” Certainly, South Carolina seems like a great place for carbon fiber producers to do business. Just two years before Teijin broke ground, fellow Japanese firm Toray Industries started work on a $1.4 billion plant in Spartanburg. And Solvay, which has been producing carbon fiber in nearby Greenville since 1981, expanded in 2016. Consultants attribute the unusual carbon fiber buildup to
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