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|
|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.|
Information in the press releases is current on the date of the announcement.
It is subject to change without prior notice.