Teijin announces China ambitions
Japanese fibre producer Teijin Limited has established Teijin (China) Investment Co in Shanghai to reinforce and expand its business in the Chinese market, one of its key markets for future growth.
The company will oversee the strategic expansion of the Teijin Group in the Chinese market, with the aim of expanding its current 100 billion yen ($1.1 billion) of sales by three to four times by 2020.
Teijin (China) Investment is a wholly owned subsidiary of Teijin Limited and its chairman is Junji Morita, who is also managing director and CMO of Teijin Limited. Its vice chairman is Izumi Yamamoto, concurrently president, Teijin Group China Management.
The Teijin Group started producing polyester fibre in China during the 1970s, and since then has built bases for production, sales and marketing in Beijing, Shanghai and several other major cities. It currently has around 2,000 employees in mainland China.
