Teijin to sell its Indonesian subsidiary - sportstextiles: Lea SportsTextiles

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Teijin to sell its Indonesian subsidiary

22/12/2009

Fibre manufacturer Teijin has announced that it will transfer its entire stake in Teijin Indonesia Fibre (TIFICO), its subsidiary in that country, to four Indonesian textile firms.

TIFICO was established as a polyester fibre manufacturing company in 1973 and began operations in July 1976. But on August 3, 2009, Teijin announced a restructuring of its polyester fibres business.

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