Teijin to sell entire stake in TEIJIN INDONESIA FIBER Tbk
22 Dec '09
3 min read
Teijin will continue to maintain a close, cooperative relationship with TIFICO as outlined below: (1) Teijin will support TIFICO by seconding its engineers and cooperating with the management, so that it can continue stable production and sales of high-quality products. This was also requested by the transferee companies. (2) Teijin will continue to purchase filament yarns and staple fibers from TIFICO and supply them to Teijin's domestic and international customers. (3) Teijin's Fiber Products Marketing Group (NI Teijin Shoji Co., Ltd.) will continue to strengthen its relationship with TIFICO and other post-processing companies in Indonesia.
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