Teijin has reported that the apparel unit of Teijin Fibers, the polyester fiber company of the Teijin Group, will be integrated with N.I. Teijin Shoji, the products converting company of the group and the combined businesses will be reintroduced as Teijin Frontier on October 1, 2012.
Teijin Frontier will deal with the development, trading and sales of industrial materials, apparel products and fiber raw materials, leveraging N.I. Teijin Shoji's service capabilities strong procurement network and Teijin Fibers' wide-ranging technologies and knowledge in fiber processing and production. The new company will strive to expand its business as an innovative hybrid converting company in the global market.
Teijin Frontier will be operated as a 100% subsidiary of Teijin and will have nearly 800 workers. Tetsushi Takenaka, who currently serves as the President of N.I. Teijin Shoji and a corporate officer at the Teijin Group, will lead the new company.
Teijin Frontier will be situated at 1-6-7 Minami-Hommachi, Chuo-ku, Osaka, Japan, and 20 consolidated companies will be operated under its group, of which 11 are overseas companies and 9 are Japanese companies.
Teijin is establishing new business models as part of a medium- to long-term management strategy revealed in February to meet customer demands more efficiently by exploiting the group’s extensive technologies, while improving sales. Teijin focuses on high-performance fibers like aramid, polyester fibers, carbon fibers and composites, resin and plastic processing, films, product converting, healthcare and information technology. It provides advanced solutions for healthcare, energy, environment, safety and protection, information and electronics, and sustainable transportation.
Source: http://www.teijin.co.jp