Jane Thomas, Teijin’s chief representative of the Americas and president of Teijin Holdings USA, has been named as a new member of the US Investment Advisory Council (IAC) and will serve a two-year term. Thomas will complement the 24 other business professionals on the council, bringing her years of private sector experience to the organisation.

Thomas’s experience overseeing Teijin’s operations as well as supporting the group’s new foreign direct investments (FDIs) in the US will enable her to give valuable advice to Secretary Wilbur Ross. Through her participation to the council, Teijin looks forward to further contributing to the US economy, helping to grow the manufacturing base, creating new jobs, and strengthening the US-Japan trade relationship, Teijin said in a media statement.

In recent years, Teijin has sparked a positive cycle of FDIs in the country. In June 2018, Teijin Carbon Fibers, the company’s carbon fibre business company in the US, broke ground in Greenwood, South Carolina. This $600 million Greenfield investment will create 220 new full-time jobs when the facility becomes operational. With the acquisitions of Renegade Materials this year and Continental Structural Plastics in 2017, the company continues to increase its manufacturing capacity in the US and will provide highly sought-after strategic materials to the US automotive and aerospace industries.

The IAC is comprised of business and economic development leaders representing various industries, companies, and associations, as well as regional, state, and local economic development organisations. Members are responsible for advising the US Secretary of Commerce on the development and implementation of strategies and programmes to attract and retain foreign direct investment in the US. (GK)

Fibre2Fashion News Desk – India

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