Teijin will integrate its subsidiary Toho Tenax, the core company of its carbon fibres business, on 1 April.
In accordance with the integration, Toho Tenax Europe, Toho Tenax America and Toho Tenax Singapore will be renamed Teijin Carbon Europe, Teijin Carbon America and Teijin Carbon Singapore.
The company states that integrating Toho Tenax within Teijin will help maximise corporate value, specifically by expanding capabilities through greater sharing of information, technologies and the optimised deployment of human resources throughout the Teijin Group. Teijin expects to strengthen its upstream-to-downstream global business by better leveraging its group synergies in high performance materials and technology development and know-how.
Teijin’s current growth and transformation strategies are focusing on core strengths in the materials and healthcare business fields as the pillars of its operations. The company is increasingly emphasising its development of strong, lightweight, high performance materials that offer environmental value solutions to meet demands for higher fuel efficiency in line with intensifying environmental regulations, and businesses focused on the aircraft and automotive fields.
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