Teijin, Textile and fibre company to strengthen and expand its competitiveness under a new structure has announced to merge its polyester fibres and products converting businesses in a move designed. Teijin would integrate its industrial-application polyester fibres business and the Products Converting Business Group to form the new Fibers & Products Converting Business Group next April.
The new group will develop an integrated system—from production to sales—and leverage the expertise of the existing Products Converting Business Group by complementing business functions in polyester fibers for industrial applications.
Industrial-application polyester fibres are currently part of the High Performance Fibers Business Unit, which is in the Advanced Fibers & Composites Business Group. The unit will specialise in aramid fibres business after the reorganisation.
Masaya Endo, General Manager of Advanced Fibers & Composites Business Group of Teijin Group said that the High Performance Fibers Business Unit has earned the confidence of customers as a material manufacturer and provider of polyester fibres for a broad range of industrial applications, including automobiles, bedding and infrastructure.
This reorganisation will strengthen their capability to provide advanced solutions for polyester fibres, and it will enable them to strengthen their commitment to meeting diverse global needs for aramid fibres.
The reorganisation will establish a structure for providing maximum customer value with existing polyester and aramid-fibre products and services for industrial applications, the company reports. It is also expected to facilitate new development activities.
The Fibers & Products Converting Business Group will strengthen the competitiveness of Teijin’s polyester fibres businesses and develop solutions based on Teijin’s highly competitive materials. For apparel applications, it will strengthen development through the establishment of an extra-reliable supply chain that newly integrates R&D and raw material and fibre productions with existing textile-processing and sewn-products supply functions.
For industrial applications, the group will provide trusted high-end solutions for automobiles and other segments by reinforcing supply capabilities through the integration of functions ranging from materials development and processing to final production.
The company’s decision to form the Fibers & Products Converting Business Group is based on Teijin’s recognition of synergies between its development and production functions for polyester fibres and processing technologies and marketing functions for textiles. The integration has great potential to enhance Teijin Group’s capability to offer new solutions. In terms of aramid fibres, the High Performance Fibers Business Unit will continuously realize accelerated marketing functions needed to serve growing demand for products that offer properties such as high tensile strength, tensile modulus and impact resistance.
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