OSAKA, Japan (Feb. 2, 2009)—Teijin Ltd. plans to reorganize its high-performance fibers business group into two new groups—the Aramid Fibers Business Group and Carbon Fibers Business Group—effective April 1.
Since reorganizing under a holding company in 2003, Teijin has operated with seven groups responsible for polyester fibers, high-performance fibers, films, plastics, medical and pharmaceutical, fiber products marketing and IT business.
The new groups each will be under the direct supervision of the company's CEO to facilitate fast decision making and investment.
The new aramid fibers business group will comprise 13 group businesses and subsidiaries, including Teijin Techno Products Ltd., its core company, along with Teijin Aramid B.V. The carbon fibers group will comprise Toho Tenax Co. Ltd., its core company, and seven other companies.