Teijin have announced plans to establish Teijin Product Development China this August to conduct fibre and textile product research and development in Nantong, Jiangsu Province beginning in April 2013.
The move will enhance the Teijin R&D functions in China and enable collaborative development with local partners to respond quickly to business opportunities in this fast-growing market.
The new R&D site will be on the premises of Nantong, a Teijin group company engaged in manufacturing, dying, processing and selling polyester textiles. Initially the new company will develop textiles for apparel as well as fibres in collaboration with local fibre manufacturers. Applications for the automotive, electronics and environmental fields will be pursued later. It will also engage in co-development initiatives with companies introduced by China Chemical Fibers Association (CCFA). Capital expenditure will total around two billion yen (US$ 25 million).
To Teijin China is a high-priority market and the group aims to expand business in China through strategic partnerships, expansion of production and R&D bases and development of environment-related businesses. In March, Teijin entered into a comprehensive alliance with the CCFA to pursue business opportunities in the fields of chemical fibres and related industries.[connections id=’9′]