Teijin Strengthens Carbon Fiber Operations in China and Taiwan
Tokyo, Japan, April 24, 2018 --- Teijin Limited announced today the establishment of Teijin Carbon Shanghai Co., Ltd. in Shanghai, China and Teijin Carbon Taiwan Inc. in Taipei, Taiwan as sales affiliated companies to capitalize on the expanding demand for carbon fiber and further strengthen Teijin’s global business capabilities.
Both affiliated companies will serve as bases to develop carbon fiber business and expand sales in their promising markets. Previously, offices were established in Shanghai in December 2002 and Taipei in April 2014 to identify demand opportunities and provide customer services in China and Taiwan. These two offices now have been respectively absorbed by the new subsidiaries.
Internal collaborations will also be developed with Teijin Carbon Singapore Pte. Ltd., an existing Southeast Asian carbon-fiber affiliated company, to strengthen Teijin’s presence the fast-growing Asian region ranging from upstream to downstream business sectors.
Demands for carbon fiber are growing in China, Taiwan and Southeast Asia. Rising standards of living in these markets are stimulating increased demand for high-end sports and leisure goods made with carbon fiber. In addition, increasing environmental measures and infrastructure upgrades are expected to expand the use of carbon fiber for industrial applications such as wind turbine generators, civil engineering and pressure vessels.
Teijin Carbon Shanghai Co., Ltd.
|Location||3604, Bldg. B, New Caohejing International Business Center, 391 Guiping Road, Xuhui District, Shanghai 200233, China|
|Capital||60,000 RMB; wholly owned by Teijin (China) Investment Co., Ltd.|
|Establishment||May, 2018 (Estimated)|
|Main business||Sales and Marketing of carbon fiber and the related products in China|
Teijin Carbon Taiwan Inc.
|Location||G220 11F, NO.209, Sec.1 Civic Blvd., Datong District, Taipei City, 103, Taiwan R.O.C.|
|Capital||500,000 TWD; wholly owned by Teijin Limited|
|Establishment||April 20, 2018|
|Main business||Sales and Marketing of carbon fiber and the related products in Taiwan.|
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.
Information in the press releases is current on the date of the announcement.
It is subject to change without prior notice.