Japan’s Teijin to open new technical centre in Michigan, US

21 March 2012 03:46  [Source: ICIS news]

SINGAPORE (ICIS)--Japanese fibre and chemicals producer Teijin will open a technical centre in Auburn Hills, Michigan, to develop automotive and other industrial applications of carbon fibre reinforced thermoplastic composite products, it said on Wednesday.

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)

By: Samuel Wong

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