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Teijin announces 50 years of Teijin Polyester, Thailand
14
Dec '17
Teijin announces 50 years of Teijin Polyester, Thailand
Teijin Limited, a global technology company from Japan, has announced that it has fully transferred the production of its primary polyester-fibre brands to Teijin Polyester (Thailand) Limited (TPL), a subsidiary of Teijin Frontier Co., Ltd. TPL. TPL is celebrating its 50th anniversary and is the hub of Teijin’s strategic global polyester-fibre production.

Teijin’s global polyester fibre business is supported by free trade agreements, such as the ASEAN-Japan Comprehensive Economic Partnership and the ASEAN China Free Trade Agreement, as well as increasing cooperation within the group, including between Teijin bases in Japan and Nantong, China.

Teijin has positioned Thailand as a hub for global operations including not only polyester materials but also aramid fibre production and sales and polycarbonate resin sales, which are expected to contribute to Teijin’s global business in high-performance materials. Teijin is also expanding healthcare operations and conducting R&D into advanced medical equipment, such as artificial joints, in Thailand. Going forward, Teijin intends to leverage Thailand as a core ASEAN base that will create new value for global society.

The Teijin Group announced dramatic restructuring initiatives and forward-looking transformation and growth strategies in its revised medium-term management plan in November 2014. Under the plan, initiatives have included the transfer of polyester filament yarn and staple fibres production from factories in Iwakuni and Tokuyama, Japan to TPL. Also, polyester fibres production and processing have been consolidated in Thailand and Matsuyama, Japan. (GK)

Fibre2Fashion News Desk – India


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