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Industrial fibre maker Teijin plans $1.6 Bln investment to satisfy rising demand
07 Nov '05
1 min read
Eyeing a larger slice in the global demand for industrial fibers, Japan's and world's leading industrial fibre maker Teijin Ltd., announced about 200 billion yen ($1.6 billion) investment in the coming three year to deliver higher output.
The company's total spending in the current mid-term plan ending March 2006 is 175 billion yen.
Company expects higher demand for industrial fiber even as it seeks to acquire and expand in the pharmaceuticals sector.
Teijin's premier product Aramid fibres, are sought after for their heat-resistance and find application in bulletproof vests, carbon fibers used for aircraft parts and radial tires.
Company also plans to conduct new methods to utilize the fibres to boost sales.
The company's total spending in the current mid-term plan ending March 2006 is 175 billion yen.
Company expects higher demand for industrial fiber even as it seeks to acquire and expand in the pharmaceuticals sector.
Teijin's premier product Aramid fibres, are sought after for their heat-resistance and find application in bulletproof vests, carbon fibers used for aircraft parts and radial tires.
Company also plans to conduct new methods to utilize the fibres to boost sales.
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