21 March 2012 03:46 [Source: ICIS news]
SINGAPORE (ICIS)--Japanese fibre and chemicals producer Teijin will open a technical centre in Auburn Hills, ?xml:namespace>
The new technical centre will open on 1 April 2012 and will be operated by Teijin Advanced Composites America Inc, a wholly owned subsidiary of Teijin Holdings USA, the company said in a statement.
Financial information of the investment was not stated.
The company plans to use the technical centre to help support the co-development of advance carbon fibre composite technologies between Teijin and General Motors, it said.
Teijin expects annual sales of Japanese Yen (Y)150bn-200bn ($1.79bn-2.39bn) by around year 2020, the company added.
($1 = Y83.7)
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