ARNHEM, The Netherlands,
October 15, 2014 /PRNewswire/ --
Teijin Aramid will raise prices for
its Twaron products. All prices for Teijin
Aramid's Twaron products will increase by
7% insofar as existing contracts allow. This is the first time
since 2008 the company has announced a general
price increase.
Over the past years Teijin Aramid has continuously invested in
product and process improvements. For the future, Teijin Aramid
sees the need to adjust its prices to continue its investments in
sustainable production techniques and to continue its collaboration
with partners on innovative solutions.
"Through its unique combination of properties, Twaron is
increasingly used in high-grade applications in various industrial
sectors. We will continue to invest in knowledge and expertise that
we will actively use with our partners to jointly develop
innovative and valuable applications," says Gert Frederiks, CEO & President of Teijin
Aramid.
About Teijin Aramid
Teijin Aramid is a subsidiary of the Teijin Group and world
leader in aramids. Its aramid products Twaron®, Sulfron®,
Teijinconex®, Technora® and its ultra-high molecular weight
polyethylene (UHMW-PE) Endumax® are renowned for their strength,
sustainability, safety, heat resistance and low weight and are used
in different applications and markets including automotive,
ballistic protection, marine, civil engineering, protective
clothing, ropes, fiber optic cables and oil & gas. These high
performance materials are produced in the
Netherlands and Japan. For
more information: http://www.teijinaramid.com and
http://www.teijinendumax.com.
About the Teijin Group
Teijin (TSE: 3401) is a technology-driven global group offering
advanced solutions in the areas of sustainable transportation,
information and electronics, safety and protection, environment and
energy, and healthcare. Its main fields of operation are
high-performance fibers such as aramid, carbon fibers &
composites, healthcare, films, resin & plastic processing,
polyester fibers, products converting and IT. The group has some
150 companies and around 16,000 employees spread out over 20
countries worldwide. It posted consolidated sales of JPY784.4 billion (USD 7.7
billion) and total assets of JPY
768.4 billion (USD 7.5
billion) in the fiscal year ending March 31, 2014. Please visit
http://www.teijin.com.
http://www.teijinaramid.com
SOURCE Teijin Aramid BV