Teijin to Strengthen Fiber and Textile R&D Functions in China: Will
Establish R&D Company in Jiangsu
TOKYO & NANTONG, China -- April 18, 2012
Teijin Limited announced today plans to establish Teijin Product Development
China Co., Ltd. this August to conduct fiber and textile product research and
development in Nantong, Jiangsu Province beginning in April 2013. The move
will enhance the Teijin group's R&D functions in China and enable
collaborative development with local partners to respond quickly to business
opportunities in this fast-growing market.
Teijin Product Development China will be established on the premises of
Nantong Teijin Co., Ltd., a Teijin group company engaged in manufacturing,
dying, processing and selling polyester textiles. Initially the new company
will develop textiles for apparel as well as fibers in collaboration with
local fiber manufacturers. Applications for the automotive, electronics and
environmental fields will be pursued later. It will also engage in
co-development initiatives with companies introduced by China Chemical Fibers
Association (CCFA). Capital expenditure will total around two billion yen (US$
China is a high-priority market in the Teijin group's medium- to long-term
growth plans. The group aims to expand business in China through strategic
alliances with local partners, expansion of production and R&D bases and
development of environment-related businesses. In March, Teijin entered into a
comprehensive alliance with the CCFA to pursue business opportunities in the
fields of chemical fibers and related industries.
"Establishing Teijin Product Development China will enable us to promptly
respond to various market needs in China," said Toshihide Fukushima, Teijin
Group executive officer. "We are confident our solutions, based on our
extensive fiber-related technologies and expertise, will promote the
development of advanced products contributing to adding value to and
differentiating the local chemical fiber industry, a strategic industry in
China's 12th five-year plan."
About the Teijin Group in China
Teijin's foray into the Chinese market goes back to the 1970s, when it began
polyester fiber plant exportation. Since then, the group has built
manufacturing, sales and marketing bases in Beijing, Shanghai and other major
cities. Currently, 12 major Teijin Group companies have bases in mainland
China, employing about 2,000 people in businesses including aramid, carbon and
polyester fibers, films, plastics and medical/pharmaceuticals, as well as the
trading and marketing of fiber products. In April 2010, Teijin (China)
Investment Co., Ltd. was established in Shanghai to oversee the group's
ongoing expansion in China and promote the development of markets, businesses
and related investment. The group aims to expand current sales in China by
three to four times by around 2020.
About the Teijin Group
Teijin (TOKYO:3401) is a technology-driven global group offering advanced
solutions in the areas of sustainable transportation, information and
electronics, safety and protection, environment and energy and healthcare. 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 150 companies and over
17,000 employees spread out over 20 countries worldwide. It posted
consolidated sales of JPY 815.7 billion (USD 9.9 billion) and total assets of
JPY 761.5 billion (USD9.3 billion) in the fiscal year ending March 31, 2011.
Please visit www.teijin.co.jp/english.
Rie Mashiba, +81 3 3506 4055
Public Relations Office
Press spacebar to pause and continue. Press esc to stop.