Teijin Limited to Integrate Carbon Fiber Subsidiary Toho Tenax
Tokyo, Japan, November 30, 2017 --- Teijin Limited announced today that it will integrate its subsidiary Toho Tenax Co., Ltd., the core company of Teijin’s carbon fibers business, on April 1, 2018.
Integrating Toho Tenax within Teijin Limited will help maximize corporate value, specifically by expanding comprehensive capabilities through greater sharing of information, technologies and the optimized deployment of human resources throughout the Teijin Group. Teijin expects to strengthen its upstream-to-downstream global business by better leveraging its group synergies in high-performance materials and technology development and know-how.
Teijin’s current growth and transformation strategies are focusing on core strengths in materials and healthcare business fields as the pillars of its operations, as expressed in its medium-term management plan for 2017-2019 “ALWAYS EVOLVING”. The company is increasingly emphasizing its development of strong, lightweight high-performance materials that offer environmental value solutions to meet demands for higher fuel efficiency in line with intensifying environmental regulations, and businesses focused on the aircraft and automotive fields.
In accordance with the integration, Toho Tenax Europe GmbH, Toho Tenax America, Inc. and Toho Tenax Singapore Pte. Ltd will be renamed Teijin Carbon Europe GmbH, Teijin Carbon America, Inc., and Teijin Carbon Singapore Pte. Ltd., respectively.
About the Teijin Group
Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in the areas of environmental value; safety, security and disaster mitigation; and demographic change and increased health consciousness. Its main fields of operation are high-performance fibers such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fibers, products converting and IT. The group has some 170 companies and around 19,000 employees spread out over 20 countries worldwide. It posted consolidated sales of JPY741.3 billion (USD 6.5 billion) and total assets of JPY 964.1 billion (USD 8.5 billion) in the fiscal year ending March 31, 2017.
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