OSAKA, Japan (Oct. 17)—Synthetic fiber maker Teijin Ltd. has offered to buy the Twaron aramid fiber business of Acordis B.V., the former Akzo Nobel N.V. synthetic fibers business. Teijin, Japan´s sole manufacturer of aramid fibers, and Acordis are discussing terms for Twaron Products B.V., Acordis´ para-linked aramid fiber business, the companies said. Financial terms have not been undisclosed. Twaron Products´ plants in Delfzijl, Emmen and Arnhem, Netherlands, produce about 11,000 metric tons of Twaron per year. The company generates annual sales of $170 million with 950 employees. The sale would include Twaron´s sales office in Conyers, Ga., as well as sales offices in Germany, Brazil and Singapore, Teijin said.
Teijin seeks Acordis´ Twaron aramid fiber business
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