Arnhem, Netherlands --- Today, Teijin Aramid B.V., producer of Twaron® fiber, announced the second round of activities to increase its production capacity. As announced end 2017, targeting more than 25% capacity increase in five years, the company has been proceeding with its disciplined process in order to keep up with growing market demand. After the first step of capacity increase through debottlenecking, Teijin Aramid now moves to the major part of investment. As a key enabler for innovation in a variety of markets, ranging from air cargo containers to heat-resistant clothing, Teijin Aramid aims to reinforce its position as market leader and finalize the capacity increase by 2022.

The capacity increase will be used as an opportunity to invest in new technologies that reduce CO₂ emissions. As the company is at the forefront of the industry, it recognizes its role as a leader and it is committed to set the tone for a more sustainable way of working. Twaron® products are in high demand due to their lightweight, durable and strong features. These aspects also allow Teijin Aramid to provide its customers with solutions that enable them to be more sustainable.

The capacity increase will take place in the two factories in the Netherlands, Delfzijl and Emmen. Delfzijl is the production site for monomer and polymer and the plant in Emmen is used for spinning. The increase is expected to result in a couple of dozen new jobs in the region.

"Twaron® is an incredibly versatile product. It allows us to enable innovation ranging from car tires to space crafts. As the industry leader, we continue to invest in production developments to ensure innovators in a range of industries can continue to push boundaries", commented Gert Frederiks, CEO and President of Teijin Aramid. "At the same time, we want to push our own boundaries, and use this opportunity to modernize our own production sites with a sustainable approach. Our end goal is to have a sustainable and circular aramid supply chain. On the one hand, this takes shape by us being more energy efficient, being part of the energy transition movement and using increasingly green raw materials. On the other hand, we continue to provide our customers with sustainable solutions by offering Twaron®."

About Teijin Aramid B.V.

Teijin Aramid B.V. is a subsidiary of the Teijin Group and world leader in aramids. Its aramid products Twaron®, Sulfron®, Teijinconex®, Technora® and its ultra-high molecular weight polyethylene (UHMW-PE) Endumax® are renowned for their strength, sustainability, safety, heat resistance and low weight and are used in different applications and markets including automotive, ballistic protection, marine, civil engineering, protective clothing, ropes, fiber optic cables and oil & gas. These high performance materials are produced in the Netherlands, Thailand and Japan.

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.