Teijin announces growth strategies for polyeste - sportstextiles: Lea SportsTextiles

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Teijin announces growth strategies for polyester fibre business

22/06/2010
Japanese fibre manufacturer Teijin Limited has announced a series of growth strategies for its polyester fibres business group. The company aims to expand the business on a sustainable basis for “more consistent profitability” and a stronger presence in the global fibre market. The immediate goals are to achieve an operating surplus in the current fiscal year and an operating profit of at least $55.1 million in fiscal 2012.

Since last August, the group has been carrying out a number of reforms to optimise its global production system and reform loss-making businesses. The group is now shifting its focus to growth and expansion.

To strengthen cost competitiveness and enhance quality in the group’s global production system, polyester fibre production will be transferred from the Matsuyama Plant in Japan to group companies in Thailand by the end of fiscal 2010.

For greater cost competitiveness, the group will consider working with foreign original equipment manufacturer companies for yarn and raw staple fibre production, as well as with external product teams in China and ASEAN countries for textile production. Also the group’s partnership with NI Teijin Shoji will be strengthened for expanded product delivery.

The apparel business unit will take measures to increase sales in China, aiming to raise textiles’ share of total group business in this market from 22% in fiscal 2009 to 40% in 2012. In addition, the group will open up other new markets by leveraging Teijin’s technologies in fields such as nanofibres.

The polyester fibres business group will develop more solutions for environmental impact reduction. Capitalising on Teijin’s polyester technologies, the group will pursue hybrid strategies that leverage special expertise in biomaterials, recycling, functional materials and manufacturing processes. This will include the launch of advanced bio-polyester and increased sales of a wide range of eco-materials, from general-purpose to highly functional fibres.

In the field of Eco-Circle, Teijin's closed-loop polyester recycling system that is being deployed on an increasingly global basis, the polyester fibres business group will expand this system beyond conventional recycling of recovered products to incorporate innovative new recycling models for the entire polyester chain. Also, new applications for the system will be sought in promising markets such as Chinese uniforms and industrial materials.

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