Teijin to invest Yen 1.5 bn to set up para-aramid fibre plant in Japan

The company will begin construction of the new plant in June this year and aims to start operation from October 2017

Bs_logoImage
BS B2B Bureau Tokyo, Japan
Last Updated : Mar 30 2016 | 3:47 PM IST
Teijin Limited will expand Technora para-aramid fibre production by 10 percent by increasing capacity at its Matsuyama factory in Japan. The company will begin construction of the new plant, which will involve investment of Yen 1.5 billion, in June this year with operation slated to begin from October 2017.
 
Teijin and the group’s core aramid-fibres business Teijin Aramid BV will jointly expand the worldwide sales of Technora in response to increasing market demand worldwide.
 
High-performance composite materials offering new value are one of the four business pillars in the Transformation and Growth Strategies of Teijin’s current medium-term business plan. Promising fields for Teijin’s high-performance fibres include infrastructure and energy, safety, functional paper and filters, and mobility. By boosting Technora capacity, the company is putting a higher priority on leveraging high-performance materials in advanced solutions to meet diverse demands in the global market.
 
Renowned for their strength, tensile modulus and resistance to impact, Teijin’s Twaron, Technora para-aramid fibres are used worldwide for applications including reinforcement materials for automobile rubber parts and composites to civil engineering ropes and cables, and protective clothing. Technora is produced by Teijin Limited in Japan and Twaron is produced by Teijin Aramid in the Netherlands.
Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 30 2016 | 3:45 PM IST