Teijin Expands CFRTP Composite Business
March 21, 2012 - Japan
Teijin Limited announced today the April 1 opening of the Teijin Composites Application Center (TCAC), a technical center to develop automotive and other industrial applications of carbon fiber reinforced thermoplastic (CFRTP) composite products, in Auburn Hills, Michigan.
The TCAC is part of Teijin Advanced Composites America Inc. (TACA), a company Teijin established in December 2011 to conduct marketing and develop applications for CFRTP composite products. TACA is a wholly owned subsidiary of Teijin Holdings USA, Inc., the Teijin Group’s holding company in the United States.
Teijin’s CFRTP composite business is centered on its innovative technology for high volume production of CFRTP components with cycle times of less than a minute, a breakthrough that overcomes one of the biggest challenges in the automotive industry and represents a long stride towards the increasing usage of carbon fiber in automobiles and other products.
In December Teijin signed an agreement with General Motors to co-develop advanced carbon fiber composite technologies for potential high-volume use in GM cars, trucks and crossovers. This co-development will take place at the TCAC.
The opening of the TCAC marks another milestone in Teijin’s global expansion of its carbon fiber composite business. Teijin will continue to develop markets as a global leader in the field of carbon fiber composite products, aiming at annual sales of 150 to 200 billion yen by around 2020.
About the Teijin Group
Teijin is a global technology-driven group operating in eight main fields: aramid fibers, carbon fibers & composites, polyester fibers, plastics, films, medical & pharmaceuticals, fiber products marketing and IT businesses. Teijin Limited, the holding company for the Teijin Group, is listed on the Tokyo and Osaka stock exchanges. The group, comprising 150 companies and 17,542 employees worldwide, had consolidated sales of JPY 815.7 billion (USD 10.6 billion) and total assets of JPY 761.5 billion (USD 9.9 billion) in the fiscal year ending March 31, 2011.
The TCAC is part of Teijin Advanced Composites America Inc. (TACA), a company Teijin established in December 2011 to conduct marketing and develop applications for CFRTP composite products. TACA is a wholly owned subsidiary of Teijin Holdings USA, Inc., the Teijin Group’s holding company in the United States.
Teijin’s CFRTP composite business is centered on its innovative technology for high volume production of CFRTP components with cycle times of less than a minute, a breakthrough that overcomes one of the biggest challenges in the automotive industry and represents a long stride towards the increasing usage of carbon fiber in automobiles and other products.
In December Teijin signed an agreement with General Motors to co-develop advanced carbon fiber composite technologies for potential high-volume use in GM cars, trucks and crossovers. This co-development will take place at the TCAC.
The opening of the TCAC marks another milestone in Teijin’s global expansion of its carbon fiber composite business. Teijin will continue to develop markets as a global leader in the field of carbon fiber composite products, aiming at annual sales of 150 to 200 billion yen by around 2020.
About the Teijin Group
Teijin is a global technology-driven group operating in eight main fields: aramid fibers, carbon fibers & composites, polyester fibers, plastics, films, medical & pharmaceuticals, fiber products marketing and IT businesses. Teijin Limited, the holding company for the Teijin Group, is listed on the Tokyo and Osaka stock exchanges. The group, comprising 150 companies and 17,542 employees worldwide, had consolidated sales of JPY 815.7 billion (USD 10.6 billion) and total assets of JPY 761.5 billion (USD 9.9 billion) in the fiscal year ending March 31, 2011.