Teijin’s tie-ups with sportswear manufacturers pay off
Technical textiles manufacturer Teijin has reported “robust” sales of its fibres and textiles used for apparel and sportswear to Europe and North America for the year ending March 31, 2014.
“To expand sales, we promoted the development of state-of-the-art high-performance materials, including the Delta series, created in collaboration with leading sportswear manufacturers overseas, as well as by enhancing our fabric supply capabilities in the ASEAN region,” said the Japanese group in a statement.
Revenues for the division rose 7% to $2.5 billion.
“In textiles and apparel, we stepped up efforts to shore up our production bases in the ASEAN region, including our new subsidiary in Myanmar, to reinforce our integrated global supply configuration, which encompasses everything from raw materials through to finished products.”
Sales in its mainstay OEM business rose on the strength of favourable shipments in early autumn and last-minute demand in advance of a consumption tax hike in Japan.
However, yen depreciation and higher production costs overseas squeezed profitability.
