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Teijin Frontier to Establish New Company in Myanmar


Teijin Frontier to Establish New Company in Myanmar

Tokyo, Sept 9, 2013 - (JCN Newswire) - Teijin Frontier Co., Ltd., the Teijin Group's fiber-products converting company, announced today that it will establish Teijin Frontier Myanmar Co., Ltd. in Yangon, Myanmar, on October 1 to strengthen Teijin Frontier's overseas operations and also to further expand the company's global network.

The new company, in which Teijin Frontier will hold a 99 percent share and Teijin Frontier Thailand the remaining 1 percent, will handle production management for Teijin Frontier's overseas manufacturing network, explore opportunities for new production facilities and conduct domestic market research.

"Myanmar is seen as a promising China-plus-one market, and as we focus on strategic global expansion this year, the establishment of this new company will help reinforce sewing productivity and improve our production management capabilities," said Tetsushi Takenaka, president of Teijin Frontier. "Teijin Frontier will continue to strengthen its global value chain from raw materials to finished products."

About Teijin Group

Based in Tokyo and Osaka, Japan, Teijin is a global technology-driven group operating in eight main fields: aramid fibers, carbon fibers, polyester fibers, plastics, films, medical & pharmaceuticals, fiber products marketing and IT businesses. Teijin Limited, the holding company for the Teijin Group, is listed on the Tokyo and Osaka stock exchanges. The group had consolidated sales of USD 8.5 billion (JPY 765.8 billion, USD 1=JPY 90) in fiscal 2009 and employs 18,778 people worldwide, with 156 companies around the world. Please visit www.teijin.co.jp/english .

Contact:

Teijin Group Manabu Mori ma.mori@teijin.co.jp +81-6-6268-3003

Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net

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