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
"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
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