15 February 2009
15 February 2009
Teijin will reorganize its High Performance Fibers Business Group into two new groups named Aramid Fibers Business Group and Carbon Fibers Business Group.
Since reorganizing under a holding company in 2003, Teijin has operated with seven groups responsible for polyester fibres, high-performance fibres, films, plastics, medical and pharmaceutical, fibre products marketing and IT business. The new groups responsible for aramid fibres and carbon fibres each will be under the direct supervision of the company's CEO to facilitate fast decision-making and investment.
The High Performance Fibers Business Group has been handling both aramid and carbon fibres, two of Teijin's most important high-performance fibres in terms of market share. Teijin's STEP UP 2006 medium-term business plan defined both fibres as core business domains and has targeted them for strategic investment and development. As part of this strategy, Toho Tenax Co., Ltd. was made a wholly owned subsidiary in September 2007 to reinforce competitiveness in carbon fibres. With high growth forecast for aramid and carbon fibres over the long term, Teijin will continue to position both as core businesses in its new medium-term business plan for 2009-2011.
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.
Subsidiaries of Teijin Techno Products, Teijin Aramid and Toho Tenax will be in the same groups as their parent companies.