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Update: Twaron Production Back up to Speed

October 25, 2010

ARNHEM, The Netherlands, October 25, 2010 /PRNewswire/ — Teijin Aramid’s
spin lines for the production of Twaron are fully operational again and the
Emmen and Delfzijl production locations are back to full production capacity.
The strong recovering market and the tightening stock are reasons for Teijin
Aramid to start up the last spin line which still was shut down because of
the crisis.

Many spin lines were suspended in 2009, but in June 2010, Teijin Aramid
announced that the last spin line was starting up again. Demand for Twaron
and Technora recovered faster than expected, particularly in the first half
of 2010.

The last line also resumed operation for commercial production in
mid-September. “This is an ultramodern spin line with an unusual background.
We put the line into operation just before the crisis, but we had to suspend
it four months later due to sharply declining demand. The restart of this
line is good news for everyone at Teijin Aramid; it signifies an end to the
economic crisis for the time being”, according to Gert Frederiks, CEO of
Teijin Aramid.

This spin line was part of one of Teijin’s major investments. More than
EUR 1 billion was invested in the Delfzijl and Emmen production locations
during the past decade. These investments represent the company’s commitment
to the super-strong fiber and make Teijin one of the largest investors in the
Dutch economy.

Future

Teijin Aramid has performed well during the past months and prognoses for
the coming months are promising as well. The business situation is strongly
improving, the supply situation is tight and consequently prices show an
upward trend. Management has reasonably good faith in the market but remains
cautious despite the favorable results. “I do not believe that a double dip
is in the offing. Customers and other experts have also given us positive
signals about growth. Growth may be slower in 2011 than in the first half of
2010, but it will continue”, according to Gert Frederiks.

About Teijin Aramid

Teijin Aramid is a subsidiary of the Teijin Group with a passion for
aramid with her products Twaron(R), Sulfron(R), Teijinconex(R) and
Technora(R). These are renowned for their strength, sustainability, heat
resistance and low weight and can be found worldwide in different
applications and markets including automotive, ballistic protection, marine,
civil engineering, protective clothing, optical fiber cables, and oil & gas.
The four high-performance aramids are produced in the Netherlands and Japan.
More information www.teijinaramid.com

Teijin Limited, the holding company for the Teijin Group, is listed on
the Tokyo and Osaka stock exchanges. The group had consolidated sales of USD
8.5 billion
(JPY 765.8 billion) in fiscal 2009 and employs 18,778 people
worldwide, with 156 companies around the world. For more information go to
http://www.teijin.co.jp/english.

SOURCE Teijin Aramid


Source: newswire



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