Japan's Toho Tenax to develop, market carbon fibre fabrics in India

20 June 2012 04:14  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Toho Tenax Co is collaborating with Hindoostan Technical Fabrics to develop and market carbon fibre fabrics for India’s composite industry, parent firm Teijin said on Wednesday.

Tokyo-based Toho Tenax Co is the ‘core firm’ of Japanese high-performance fibres maker Teijin’s carbon fibres and composites business.

Under the collaboration, Toho Tenax, the world’s second largest carbon fiber maker, will supply its Tenax carbon fibre to India-based carbon and aramid textile maker Hindoostan Technical Fabrics for weaving and processing into textiles, Teijin said in a statement.

The two firms will jointly market products to producers of composite materials and reinforced sheets including those in the automotive, wind power and electronics industries as well as a host of other industrial applications requiring advanced carbon fibre based solutions, it said.

“Toho Tenax, which already supplies chopped carbon fibre in India, sees significant potential in the nation’s carbon fibre market, and is preparing to meet surging demand from various customers for highly valued intermediate material,” the company added.

India’s composite industry has grown by about 20% per year over the last five years, Teijin said without elaborating further.

Financial details of the collaboration were not revealed.

By: Nurluqman Suratman

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