Both affiliated companies will serve as bases to develop carbon fiber business and expand sales in their promising markets. Previously, offices were established in Shanghai in December 2002 and Taipei in April 2014 to identify demand opportunities and provide customer services in China and Taiwan. These two offices now have been respectively absorbed by the new subsidiaries.
Internal collaborations will also be developed with Teijin Carbon Singapore, an existing Southeast Asian carbon-fiber affiliated company, to strengthen Teijin’s presence the fast-growing Asian region ranging from upstream to downstream business sectors.
Demands for carbon fiber are growing in China, Taiwan and Southeast Asia. Rising standards of living in these markets are stimulating increased demand for high-end sports and leisure goods made with carbon fiber. In addition, increasing environmental measures and infrastructure upgrades are expected to expand the use of carbon fiber for industrial applications such as wind turbine generators, civil engineering and pressure vessels.