Teijin Limited to Integrate its Carbon Fiber Business in 2018
Teijin Limited has recently announced that it will integrate its subsidiary Toho Tenax Co., Ltd., the core company of Teijin’s carbon fibers business, on April 1, 2018. Maximizing Corporate Value Integrating Toho Tenax within Teijin Limited will help maximize corporate value, specifically by expanding comprehensive capabilities through greater sharing of information, technologies and the optimized 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. Growth & Transformation Strategies Teijin’s current growth and transformation strategies are focusing on core strengths in materials and healthcare business fields as the pillars of its operations, as expressed in its medium-term management plan for 2017-2019 “ALWAYS EVOLVING”. The company is increasingly emphasizing its dev...