ROCKWOOD, Tenn. (WVLT) – A major investment for a company in Rockwood, Tennessee.
Toho Tenax America, a subsidiary of Japan-based chemical giant Teijin, announced a $23 million investment in their carbon fiber manufacturing facility, during a news conference this morning.
Toho Tenax says this is the second major investment in the facility since they bought it in 2004.
“Toho Tenax is retooling the plant to stay competitive in the carbon fiber market,” said Leslie Henderson, president & CEO of the Roane Alliance. The investment, Henderson said, “means a significant area employer and active corporate citizen will continue to grow and prosper.”
Toho Tenax says they supply high-quality carbon fiber to various industrial, automotive, aerospace, and sporting goods makers.
The plant employs 170 workers.
That number is not expected to increase with the investment.