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The Textile Magazine
JUly 2012
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59
ous customers for highly valued
intermediate material, including
prepregs.
“The collaboration between
Hindoostan Technical Fabrics,
with its advanced textile technol-
ogy and strong presence in the
Indian market, and Toho Tenax, the
world’s second largest carbon fiber
maker with a proven track record in
the global carbon fiber composite
market, will enable us to quickly
secure a stronger market position in
India,” said Norio Kamei, President
of Toho Tenax and head of the
Teijin Group’s carbon fibers and
composites business. “We aim to
establish Tenax textile as a main-
stream product in the fast-growing
Indian composite market.”
“We believe that India’s carbon
fiber composite industry is in its
infancy and has substantial growth
potential. Our collaboration with
Toho Tenax, an industry leader in
carbon fiber technology, will play a
pivotal role in providing users with
high quality, customized and com-
petitive carbon fiber fabrics with
reliable supply and strong applica-
tion support,” said Sudhir Thack-
ersey, Chairman of Hindoostan
Technical Fabrics Ltd. “Our goal is
to use our expertise and experience
to continuously develop innovative
textile solutions in the field of high
performance composites.”
India’s composite industry has
recorded robust growth of about
20 per cent per annum over the
last five years. Tenax carbon fiber
textile is already used globally in a
wide range of composite products,
such as automotive parts, wind-
turbine generator blades, medical
machinery and machine tools.
India is one of the most strategic
markets in Teijin Group’s medium-
to long-term growth plan. Since
setting up a company in New Delhi
in 2007, Teijin has been developing
markets in sectors like automobiles
and railcars, electronics, infrastruc-
ture, new energy and healthcare.
The group currently focuses
on vertically integrating its
midstream and down-
stream businesses
through strategic alliances for
further growth in India.
Hindoostan Mills Ltd., founded in
1873, has vast experience in various
textile manufacturing processes and
has current sales of Rs. 100 crores.
The Thackersey Group has also
diversified into various other busi-
nesses over the last 10 years.
Teijin is a technology-driven
global group offering advanced
solutions in areas of sustainable
transportation, information and
electronics, safety and protec-
tion, environment and energy, and
healthcare. Its main fields of opera-
tion are high-performance fibers
such as aramid, carbon fibers &
composites, healthcare, films, resin
& plastic processing, polyester fib-
ers, products converting and IT.
The group has some 150 compa-
nies and around 17,000 employees
spread out over 20 countries.
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technical textiles