CSP’s new manufacturing facility will employ 200 people in production, engineering, and administrative positions
AUBURN HILLS, Mich. — Continental Structural Plastics (CSP), a manufacturer of highly-engineered composite vehicle components, broke ground last fall on a manufacturing facility in Seguin, Texas, that will support the company’s future growth. The new facility, located near Interstate 10, Rio Nogales Drive and 8th Street, is expected to be fully operational by 2021, CSP said in a news release.
Continental Structural Plastics and its parent company, Teijin, are making a capital investment of approximately $70 million to construct the 200,000-square-foot facility, which is expected to create 200 production, engineering, and administrative jobs. This location will become CSP’s 19th global manufacturing facility—the company has 14 in North America—and the Teijin Group’s 25th global composite component manufacturing facility.
“We continue to see growth opportunities for our advanced composite and multi-material components globally, so we’re making sure we have the manufacturing capabilities necessary to meet our customers’ needs,” said Steve Rooney, CSP CEO, in a statement. “We are truly grateful to the State of Texas, the City of Seguin, and Guadalupe County for the support we’ve received in initiating this project, and we look forward to being an active member of the Seguin community.”
Continental Structural Plastics (www.cspplastics.com) selected the Seguin location for its newest manufacturing plant based on a number of factors, including availability of a skilled workforce, proximity to a number of customers and potential customer facilities in Texas and surrounding states, and a variety of incentives and abatements offered. These include a land grant and tax abatement from the City of Seguin, and a Texas Enterprise Fund (TEF) grant from the State of Texas, in exchange for specific capital investment and workforce commitments by CSP.
For more on Continental Structural Plastics, see Continental Structural Plastics, Teijin Take Top Honors at SPE Innovation Awards (Advanced Materials).