Teijin Aramid plans to increase Twaron aramid yarn production capacity by more than 25%
Arnhem, The Netherlands, December 20, 2017 – Teijin Aramid announced today that it plans to increase Twaron's super fiber capacity by more than 25%. This additional capacity will be completed in the next five years. With capacity expansion, Teijin Aramid will be able to meet future market demands and provide its customers with the materials they need to stand out in the market.
The demand for Teijin's high-performance para-aramid fiber Twaron has been increasing and the market outlook is optimistic. The growth of the aramid business is one of the key strategies of the Teijin Group and is expected to grow at an annual rate of 8%. The company is determined to ensure that this growth will be in line with the provision of better service to its customers. As a market leader, Teijin Aramid aims to capture most of the growth in the global market and will eventually lead to a market share of over 50% in the future. The company plans to make several large-scale investments to increase production capacity. This includes the implementation of the latest technology at the Twaron plant in Eman and Delft, Netherlands.
Gert Frederiks, CEO and President of Teijin Aramid, said: “As a market leader, this new investment in capacity increase will help us meet market demand anytime, anywhere.” “Our strategy is to continuously invest in optimizing production facilities and improving Twaron capacity. This will enable us to provide our customers with the best value at the best price and quality. Combining our long-term knowledge and experience in aramid fiber, this will put us in an excellent position so that Serving the world market."
Since 1999, Teijin Aramid has increased its Twaron capacity by 130% by introducing a lean approach and an internal optimization program. Teijin Aramid is determined to maintain the way this best practice works. The company will continue to invest in factories to implement the latest technology to ensure economies of scale. This will enable the company to keep up with market demand and market competitiveness while meeting customer needs.
The increased total capacity is planned to be completed in 2022. As announced in July 2017, Teijin Aramid is currently implementing new spinning technology at the Twaron plant in Eman, the Netherlands. The additional capacity of the investment will be completed in May 2018.