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Teijin partners with China Chemical Fibres Association

03/04/2012
Japanese fibre producer Teijin has announced a partnership with the China Chemical Fibers Association (CCFA) to pursue business opportunities in the fields of chemical fibers and related industries in China. This is the first time for the CCFA to enter into a comprehensive alliance with a foreign private business.       

Under the basic agreement, collaborations between Teijin group companies and major Chinese companies introduced by the CCFA will pursue various opportunities to enhance Chinese fibre products with added value, differentiation and greater production efficiency; develop high-performance fibers and related applications; nurture unique businesses; develop green solutions for greater sustainability, and establish a closed-loop recycling system.

Teijin has already reached an agreement to set up a closed-loop system for recycling polyester with Zhejiang Jiabao New Fiber Group, which is based in Shaoxing, Zhejiang province and is a group company of Jinggong Holding Group, a company involved with environmental management.
                   
Teijin says it aims to expand business in China through strategic alliances with local partners, expansion of production and R&D bases and development of environment-related businesses.

“As we celebrate the 40th anniversary of normalised diplomatic ties between Japan and China, we are particularly pleased to pursue mutual growth opportunities with the CCFA and its member companies,” said Shigeo Ohyagi, president and CEO of Teijin. “We hope to apply our technologies and expertise toward solutions for energy savings and environmental preservation in the chemical fiber industry, a strategic industry in China’s 12th five-year plan.”

“The collaboration between the CCFA and Teijin is a bold new initiative between the Chinese and Japanese chemical fiber industries, which have a long history of complementing each other’s strengths,” said Duan Xiaoping, chairman of the CCFA. “I hope this strategic undertaking will serve as a model for CCFA collaborations with other progressive global companies. Teijin offers advanced technology and valuable knowhow that are required in China’s chemical fibre industry. I believe our partnership with Teijin will pave the way for further cooperation between the chemical fiber industries of our two countries.”

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