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Teijin to integrate carbon fiber subsidiary Toho Tenax

Teijin Limited announced that it will integrate its subsidiary Toho Tenax Co, opening a new window, the core company of Teijin’s carbon fibers business, on April 1, 2018.

Integrating Toho Tenax within Teijin Limited will help maximize corporate value, specifically by expanding comprehensive capabilities through greater sharing of information, technologies and the optimized deployment of human resources throughout the Teijin Group. Teijin expects to strengthen its upstream-to-downstream global business by better leveraging its group synergies in high-performance materials and technology development and know-how.

Teijin’s current growth and transformation strategies are focusing on core strengths in materials and healthcare business fields as the pillars of its operations, as expressed in its medium-term management plan for 2017-2019 “Always Evolving”. The company is increasingly emphasizing its development of strong, lightweight high-performance materials that offer environmental value solutions to meet demands for higher fuel efficiency in line with intensifying environmental regulations, and businesses focused on the aircraft and automotive fields.

In accordance with the integration, Toho Tenax Europe GmbH, Toho Tenax America, Inc. and Toho Tenax Singapore Pte will be renamed Teijin Carbon Europe GmbH, Teijin Carbon America, Inc., and Teijin Carbon Singapore Pte, respectively.

Companies: TEIJIN

Terms: Business

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This article has been edited by Basalt.Today
Source
This article has been written on JEC Composites Magazine
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