21 June 2012 06:41 [Source: ICIS news]
SINGAPORE (ICIS)--Toho Tenax Co is planning to expand its nickel-coated carbon fibre production at the firm’s Mishima Plant in ?xml:namespace>
By January 2013, Toho Tenax will “roughly double” the production capacity for the material, the company said in a statement without disclosing financial details of the project.
The statement also did not say what was the existing capacity of its plant.
“In addition to electronic device applications, Toho Tenax aims to expand into industries where demand for electromagnetic shielding is expected to increase, such as in aviation and electric vehicles,” the company added.
Toho Tenax, a subsidiary of Japanese high-performance fibres maker Teijin, has set a sales target of over yen (Y) 2bn ($25.2m) in 2013.
($1 = Y79.5)
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