Toray acquires land for expansion in US

18/02/2014
Japan’s Toray Industries has purchased a 400 acre (1.6 million m2) commercial land for its business expansion in Spartanburg County, South Carolina, the US 

Toray operates a wide range of businesses in the US including fibers and textiles, and said the country is expected to regain its industrial competitiveness on the back of shale gas/oil revolution and the resulting revival in manufacturing. In addition, the US’s importance as an access point to Latin America, including Mexico and Brazil, whose economies are expected to grow in future is increasing.