Teijin to split aramid fibre unit away from carbon fibres

Osaka, Japan -- Teijin Limited is to reorganise its high performance fibres business group into two new groups named Aramid fibres Business Group and Carbon fibres Business Group, effective April 1, 2009. The reorganisation will increase Teijin's business groups to eight.

Since reorganising 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 new aramid fibres 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 fibres Business Group will comprise Toho Tenax, its core company, and seven other companies, including Toho Tenax Europe GmbH.

press release from Teijin