Teijin enhance fibre textile R&D functions in China

Teijin to enhance fibre and textile R&D functions in China

7:59 AM, 18th April 2012
Teijin to enhance fibre and textile R&D functions in China

TOKYO, JAPAN/NANTONG, CHINA: Teijin Limited plans to establish Teijin Product Development China Ltd this August to conduct fibre and textile product research and development in Nantong, Jiangsu Province beginning in April 2013. The move will enhance Teijin’s R&D functions in China and enable collaborative development with local partners to respond quickly to business opportunities in this fast-growing market.

Initially the new company will develop textiles for apparel as well as fibres in collaboration with local fibre manufacturers. Applications for the automotive, electronics and environmental fields will be pursued later. It will also engage in co-development initiatives with companies introduced by China Chemical Fibres Association. Capital expenditure will total around ¥2 billion ($ 25 million).

“Establishing Teijin Product Development China will enable us to promptly respond to various market needs in China. We are confident our solutions, based on our extensive fibre-related technologies and expertise, will promote the development of advanced products contributing to adding value to and differentiating the local chemical fibre industry, a strategic industry in China’s 12th five-year plan,” said Toshihide Fukushima, Group Executive Officer, Teijin.

© WOC News



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