Teijin to form two groups within High Performance Fibers Business

30-Jan-09

Teijin Limited recently announced that it will reorganize its High Performance Fibers Business Group into two new groups named Aramid Fibers Business Group and Carbon Fibers Business Group that separately handle aramid fibers and carbon fibers effective April 1, 2009. The reorganization will increase Teijin's business groups to eight. The Aramid Fibers Business Group will comprise 13 group businesses and subsidiaries, including Teijin Techno Products Limited, its core company, along with Teijin Aramid B.V. and other companies. The Carbon Fibers Business Group will comprise Toho Tenax, its core company, and seven other companies, including Toho Tenax Europe GmbH. The new groups responsible for aramid fibers and carbon fibers each will be under the direct supervision of the company's CEO to facilitate fast decision-making and investment. Previously, the High Performance Fibers Business Group has been handling both aramid and carbon fibers, two of Teijin's most important high-performance fibers in terms of market share. Teijin's STEP UP 2006 medium-term business plan defined both fibers as core business domains and has targeted them for strategic investment and development. The company release stated that it will continue to position both as core businesses in its new medium-term business plan for 2009-2011 foreseeing high growth over the long term. Since reorganizing under a holding company in 2003, Teijin has operated with seven groups responsible for polyester fibers, high-performance fibers, films, plastics, medical and pharmaceutical, fiber products marketing and IT business.