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Teijin Twaron Expands Twaron Capacity

17 September 2004

Teijin Twaron has disclosed details of the opening of its new Asian regional headquarters in China as from November 1st 2004.

The new Asian regional headquarters will be called Teijin Twaron Asia Co. Ltd. and will have its own warehouse facilities. The existing sales office in Singapore will be closed.

Mr Kees Meyberg, the Vice-President and General Manager of the new regional headquarters in Shanghai points out: ""China already accounts for 50 percent of our sales in Asia. We therefore need the strong presence and good logistics structure that the new office and warehouse will provide. We will be located closer to our Chinese customers and will also be able to provide a better service to the rest of our Asian customers.""

The Twaron fibre is applied in numerous applications worldwide. In Asia, there is an emphasis on application fields such as friction, sealing and paper applications, optical fibre cables, elastomer reinforcements, ballistics and composites. Annual market growth of Twaron is around 9 percent worldwide, an estimated 13 percent in Asia and up to 18 percent in China.

The logistical structure of the new office will greatly benefit the Asian customers of Teijin Twaron. ""In the near future, Chinese customers will be able to get their material within days, while other Asian countries can get the material by sea in only one or two weeks. This is a significant improvement to the current situation."", says Meyberg.

With the new office in Shanghai, Teijin Twaron will also be able to serve its customers in the Asian market better and faster. Meyberg finishes: ""Besides quicker deliveries, there is an extra advantage: our Chinese customers can pay in the local currency. The expected date for this new payment and delivery structure is November 1 2004.""





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