MOSCOW (MRC) -- Teijin Corporation (Thailand) Limited Opening a new window, a wholly owned subsidiary of Teijin Limited, announced that it has begun producing Teijinconex neo, a new type of highly heat-resistant and dyeable meta-aramid fiber, on the premises of Teijin (Thailand) Limited in Bang Pa-in Industrial Estate, Ayutthaya, Thailand, said the company in its press release.
Teijin is now the first company to ever to produce high-function, high-performance fibers in the ASEAN region. The 2,200-tons-per-annum plant was built at a cost of around JPY 4.5 billion (USD 36 million) and has begun operating with a workforce of 70 people. The site measures 22,985 square meters. Construction of the plant started in December 2013.
Teijinconex neo offers unsurpassed heat resistance and excellent dyeability that enable highly diversified solutions for the design and manufacture of protective apparel. Teijin’s production technologies assure that products are compliant with REACH Opening a new window and other environmental regulations directly out of the factory, without additional treatment.
Teijinconex neo will strengthen Teijin’s position and competitiveness in the emerging markets of Asia and other regions, where the demand for heat-resistant, flame-retardant high-performance materials is growing. Teijin expects to take a leading position in the global market for protective apparel, targeting sales of JPY 20 billion (USD 160 million) by 2020.
As MRC informed earlier, Teijin Ltd. will close by the end of December 2015 from its Teijin Polycarbonate Singapore subsidiary which lacks competitiveness in terms of energy costs. The Singapore plant has 225,000 t/y of polycarbonate (PC) capacity.
Teijin is a technology-driven global group offering advanced solutions in the areas of sustainable transportation, information and electronics, safety and protection, environment and energy, and healthcare. Its main fields of operation are high-performance fibers such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fibers, products converting and IT. The group has some 150 companies and around 17,000 employees spread out over 20 countries worldwide.
MRC