Teijin Frontier To Establish New Company In Myanmar
The new company, in which Teijin Frontier will hold a 99% share and Teijin Frontier Thailand the remaining 1%, will handle production management for Teijin Frontier's overseas manufacturing network, explore opportunities for new production facilities and conduct domestic market research.
"Myanmar is seen as a promising China-plus-one market, and as we focus on strategic global expansion this year, the establishment of this new company will help reinforce sewing productivity and improve our production management capabilities," said Tetsushi Takenaka, president of Teijin
Frontier. "Teijin Frontier will continue to strengthen its global value chain from raw materials to finished products."
Posted September 10, 2013
Source: Teijin Ltd.