Tokyo, Japan --- Teijin Limited announced today that it has commenced operations of ASEAN compound plant and technical center at Teijin Corporation (Thailand) Limited in Bang Pa-in Industrial Estate, Ayutthaya, Thailand.

The new plant and R&D facility are Teijin's third resin-related R&D hub in Asia, following the facilities in Japan and China. The three Asian hubs will collaborate to meet the global demand for new resin compounds, focusing on the automotive and electronics sectors.

Economic and population growth are stimulating the demand for high-performance resin products, so needs for resin compounds are also expanded in the ASEAN region. Teijin is currently meeting this demand through its compound production facilities in Japan and China and subcontractor factories across the ASEAN region. The new plant will provide the company with the capacity to meet that growing demand more quickly.

Teijin is marketing high value-added resin products leveraging the resin compound expertise it has accumulated over many years and is positioning the new technical center in Thailand as a development hub for the ASEAN region. The company intends to accelerate its business expansion by strengthening its product development capabilities and focusing these on the fast-growing Chinese and ASEAN markets.

Commented Noboru Yamanishi, General Manager of Teijin's Resin & Plastic Processing Business Unit, "These newly established production and development capabilities will allow Teijin to meet the demand for compound resin products that address the need for further weight reduction and enhanced functionality of next-generation automobile and communication device. We aim to contribute to the further development of the region by collaborating proactively with ASEAN customers and partner companies in order to provide innovative products that meet diverse needs."

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 over 170 companies and around 20,000 employees spread out over 20 countries worldwide. It posted consolidated sales of JPY888.6 billion (USD 8.1 billion) and total assets of JPY 1020.7 billion (USD 9.3 billion) in the fiscal year ending March 31, 2019.