Teijin seeks Acordis´ Twaron aramid fiber business

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.