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Abbott announces new manufacturing facility in bet28365体育投注
Felicia Frazar - The bet28365体育投注 Gazette
TOYKO — A new plastics manufacturing facility with connections to Tokyo is slated to create 200 jobs in bet28365体育投注 and $65 million in capital investment.
During a mission trip to Japan, Gov. Greg Abbott announced Continental Structural Plastics, Inc. is building a new composites manufacturing facility just off Interstate 10 near the Niagara facility, according to a news release from the governor’s office.
Not to be mistaken for Continental Automotive, Continental Structural Plastics, Inc. is headquartered out of Auburn, Mich and its parent company, Teijin Group Company, is based out of Tokyo, Josh Schneuker, Executive Director of the bet28365体育投注 Economic Development Corporation, 说.
“…Teijin Group Company, is a world leader in lightweight composite technologies, including glass and carbon fibers, thermoplastics, and thermosets,” the release read.
The company was granted $783,750 from the Texas Enterprise Fund for bringing the facility to the state.
“We could not be more pleased with the support we’ve received from the state of Texas as we move forward with our expansion efforts,” 说 Steve Rooney, CEO of Continental Structural Plastics. “From the governor’s office, to the city of bet28365体育投注 and Guadalupe County, there has been a coordinated approach to helping us secure a location that will enable us to expand our geographic footprint to meet our future manufacturing needs.”
The governor joined Teijin and CSP executives in Tokyo, Japan for the announcement.
“I am proud to welcome Continental Structural Plastics to the Lone Star State, and look forward to the important role they will play in the Texas success story,” Abbott 说 in the announcement alongside CSP executive in Toyko. “Thanks to their investment, Texas will continue to lead the way in job creation, innovation and economic prosperity.”
Schneuker 说 the SEDC has worked on this project for nearly a year and is thrilled CSP selected to bring their new facility to bet28365体育投注.
“It’s really an exciting time for us. It is really adding to the diversity of our manufacturing base within the community,” he 说. “Economic development is a team sport, and today’s announcement would not be possible if it were not for the collaboration between the SEDC, 这个城市, the County and the State of Texas. Our hard work together over the past several months on this project helped secure this investment to bet28365体育投注 and Guadalupe County. We are excited to have CSP as the newest member of the bet28365体育投注 业务 Community and we are confident that their bet28365体育投注 operation will flourish for years to come.”
An official groundbreaking event is set for 10 a.m. 周二.
Felicia Frazar is the managing editor of the bet28365体育投注 Gazette. She can be reached at 费利西亚.frazar@seguingazette.com
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