Teijin Aramid has just announced its plan to increase the production capacity for its Twaron super fiber by more than 25%. This additional capacity will become available within the next five years. With this capacity expansion, the company will be able to meet future market demand and provide its customers with the material they need to excel in their markets.
Demand for Teijin’s high-performance para-aramid fiber Twaron is growing steadily, and the market outlook is positive. Expanding the aramid business is one of the Teijin Group’s key strategies, with an expected annual growth of 8%. The company is determined to ensure that this growth will go hand in hand with an even better service for its customers.
As a market leader, Teijin Aramid aims to capture a substantial part of the global market growth, which should eventually lead to a future market share of more than 50%. Substantial investments are planned to raise the production and adopt the latest technology.
“This new investment to raise a capacity will help us, as a market leader, to meet market demand, any place and anytime,” says Gert Frederiks, CEO and President of Teijin Aramid. “It’s our strategy to continuously invest in both optimizing our production facilities and in increasing our Twaron capacity. This will enable us to provide our customers with high value products, in the right quantity, the right quality, and at the best price. Combined with our long history of knowledge and expertise in aramid fibers, this will place us in an excellent position to serve the world market.”
By introducing the lean methodology and internal optimization programs, Teijin Aramid has been able to increase its Twaron production capacity by 130% since 1999. It is determined to keep up this best-practice way of working and keep investing in its factories, implement the latest technologies, and ensure economy of scale. This will enable the company to keep up with market demand and market competitiveness, while meeting its customers’ demand.
The total extra capacity is planned to be fully available in 2022. Teijin Aramid is currently implementing a new spinning technology at its Twaron facility in Emmen, the Netherlands, as was stated in July 2017. The extra capacity of that investment will become available as of May 2018.