Continental Structural Plastics, Inc. (CS) will invest more than $65 million to establish a new composites manufacturing facility in Seguin, TX. The project will create 200 new jobs.
“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,” said Governor Greg Abbott at the project announcement in Tokyo. “Thanks to their investment, Texas will continue to lead the way in job creation, innovation, and economic prosperity.”
“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,” said Steve Rooney, CEO of Continental Structural Plastics. “From the Governor’s office, to the City of Seguin 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.”
CSP, a Teijin Group Company, is a world leader in lightweight composite technologies, including glass and carbon fibers, thermoplastics, and thermosets.
“Continental Structural Plastics will play a key role in the future of our important Composites Business Unit, and we truly appreciate the cooperation we have received from the State of Texas to support CSP’s continued growth,” said Jun Suzuki, president and CEO, Teijin Limited. “We look forward to a long and mutually-prosperous relationship with the State of Texas and the Seguin community.”
A Texas Enterprise Fund (TEF) grant of $783,750 has been extended to Continental Structural Plastics. Administered by the Economic Development and Tourism Division within the Office of the Governor, the TEF helps to strengthen the state’s economy and attract new jobs to communities across the state.
“Economic development is a team sport, and today’s announcement would not be possible if it were not for the collaboration between the SEDC, the City, the County and the State of Texas,” said Josh Schneuker, Executive Director of the Seguin Economic Development Corporation (SEDC). “Our hard work together over the past several months on this project helped secure this investment to Seguin and Guadalupe County. We are excited to have CSP as the newest member of the Seguin Business Community and we are confident that their Seguin operation will flourish for years to come.”
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