30 September 2013 08:33 [Source: ICIS news]
TOKYO (ICIS)--Japanese chemical producer Teijin plans to establish a new company in Moscow, Russia, to strengthen the Teijin Group’s operations in the country and the Commonwealth of Independent States (CIS), the firm said on Monday.
The establishment of the new company, Teijin Rus, is part of the group’s strategy to expand businesses in emerging economies, Teijin said in a statement.
Teijin Rus will begin business operations on 1 October, 2013. It will handle group-wide sales and conduct research to identify demand and business opportunities in Russia and CIS, the company said.
The company also aims to supply the Russian market with its diversified solutions, especially for the aerospace industry and the automotive industry, which is expected to become the largest market in Europe in the late 2010s, Teijin added.
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