Toho Tenax the core company of the Teijin Group’s carbon fibres and composites business, announced the creation of Toho Tenax Singapore Pte. Ltd. to strengthen the group’s business operations in India and the ASEAN region, where the demand for carbon fibre is expected to increase rapidly.
The company is using the existing local office that was established in 2010 to conduct research to identify demand and provide customer services in India, Singapore, Thailand, Vietnam and Oceania, this will now serve as Toho Tenax’s base for developing business and sales expansion in these promising markets.
Jun Suzuki, president of Toho Tenax said;
Market development in India, the ASEAN region and Oceania is a high priority for our growth, we are actively pursuing collaborations with local companies, aiming to quickly strengthen our presence in these fast-growing markets. The new company has an important role to play in this process.
The demand in Asia for carbon fibre is expected to rise rapidly, especially for industrial applications such as pressure vessels, wind turbine generators and casings for home electronics.