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Twaron Production Back up to Speed

June 15, 2010

ARNHEM, The Netherlands, June 15, 2010 /PRNewswire/ — Teijin Aramid will
restart the last spinning line for aramid fibers at its Emmen, The
Netherlands
plant. Demand for Teijin Aramid’s super-strong Twaron fiber
declined sharply in 2009 during the economic crisis. The forecast for
production of aramid in 2010 has been adjusted upwards. With the restart of
the last spinning line, all spinning lines will be operational and production
will be at full capacity. The schedule calls for this spinning line to be
operational once more and stable in the last quarter of 2010.

A large number of spinning lines were shut down in 2009 in response to
declining market demand. Demand for aramid now appears to be recovering
faster than had been predicted in the first quarter of this year. Teijin
Aramid is responding to this recovery by starting all production lines once
more.

Restarting the production line will take a few months and is good news
for employment at Teijin Aramid. With the start up of the spinning line some
30 additional employees will be hired. The next few months will focus
primarily on recruiting and training mechanical operators who will make it
possible to start up the line. In an earlier phase, some 10 processing
operators had been appointed who, along with the mechanical operators, will
make it possible to build up to full capacity operations once more.

Chemical industry recovering

At the end of May, the Association of Dutch Chemical Industry (VNCI)
announced that the chemical industry in the Netherlands was showing strong
recovery. Production rose by 21.7% in the first quarter of 2010 over the same
period in 2009.

Increased costs and uncertainty

The high level of sales in the first quarter has drawn down inventories
and these could become even tighter. Teijin Aramid has readjusted its
forecasts for 2010 and 2011 upwards, but continues to see uncertainty in view
of the general economic situation. Gert Frederiks, CEO & President of Teijin
Aramid, points out that, “Thanks to the rapid recovery we have been able to
rehire a number of the temporary personnel we were forced to let go in 2009.
We want to operate our facilities at their optimum level and improve our
position in the world market. At the same time we are realists and continue
to keep a close watch on our cash flow and costs.” Teijin Aramid’s internal
margins are being compressed under external pricing pressures but also to
rising costs of energy and raw materials.

For more information, please visit http://www.teijin.co.jp/english

SOURCE Teijin Aramid


Source: newswire



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