21 October 2013 07:09 [Source: ICIS news]
(recasts lead, adds details in paragraphs 4-5)
SINGAPORE (ICIS)--Teijin’s newly-established wholly owned subsidiary Teijin Corp Thailand will operate the firm’s new meta-aramid fibre production facility at Ayutthaya province in Thailand, the Japanese producer said on Monday.
The new facility at Teijin’s existing production site in the southeast Asian country is expected to start commercial production in July 2015, the company said in a statement.
Details on investment and plant capacity were not disclosed.
Teijin Corp Thailand will additionally serve as a sales base for Teijin group’s proprietary Panlite polycarbonate resin and processed products, “strengthening Teijin’s capability to develop sales in Asia, one of its high-priority markets” it said.
The subsidiary, which was set up on 30 September and headquartered on the premises of Teijin Polyester Thailand in Pathum Thani Province, will also handle production and sales of converted products of the new meta-aramid fibre, the company said.
"Thailand, already a global production and processing base for the Teijin group’s polyester fibre business, is a promising market with growing demand for chemical and fibre products," it said
Meta-aramid fibre is used in the manufacture of protective apparel.
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