Japan's Teijin Ltd has fully transferred the production of its primary polyester-fibre brands to Teijin Polyester (Thailand) Ltd (TPL), a subsidiary of Teijin Frontier Co. Ltd.
The move was made on 13 Dec to mark the 50th anniversary of Teijin Frontier which will now act as the hub of Teijin’s strategic global polyester fibre production.
Teijin announced that the move will position Thailand as its hub for global operations for polyester materials, production and sales of aramid fibres as well as sales of polycarbonate resin.
On the same note, Teijni said it was also expanding healthcare operations and conducting R&D into advanced medical equipment, such as artificial joints, in Thailand.
“Going forward, Teijin intends to leverage Thailand as a core ASEAN base that will create new value for global society,” the company added.
The Teijin Group announced major restructuring initiatives and growth strategies in November 2014, which included transferring its polyester filament yarn and staple fibres production from factories in Iwakuni and Tokuyama, Japan to TPL.
Also, the company said its polyester fibres production and processing had been consolidated in Thailand and Matsuyama, Japan.