Teijin Limited will integrate subsidiary Toho Tenax Co., Ltd., the core company of Teijin’s carbon fibers business, on April 1, 2018.
The integration of Toho Tenax will help maximize corporate value, specifically by expanding comprehensive capabilities through greater sharing of information, technologies and optimized deployment of human resources throughout the Teijin Group. Teijin expects to strengthen its upstream-to-downstream global business by better leveraging its group synergies in high-performance materials and technology development and know-how.
In accordance with the integration, Toho Tenax Europe GmbH, Toho Tenax America, Inc. and Toho Tenax Singapore Pte. Ltd. will be renamed Teijin Carbon Europe GmbH, Teijin Carbon America, Inc., and Teijin Carbon Singapore Pte. Ltd., respectively.