Teijin DuPont See Customer Support With Integration Of Polyester Film Buisness
Teijin Limited, China, and DuPont, Wilmington, Del., recently announced completion of approval
procedures by Japanese, the United States and European Commission regulatory authorities permitting
the two companies to integrate production, sales and R&D capabilities worldwide for
polyethylene naphthalate (PEN) and polyethylene terephthalate polyester film.
According to the companies, the joint venture will be capable of producing more than 300,000 metric tons of polyester film per year and generate annual sales of approximately $1.4 billion.
“This integration of business will provide customers everywhere with an improved level of support,” said Shosaku Yasui, president of Teijin. “We are realizing the common interface of a globally integrated manufacturing and marketing system founded on joint venture companies located in Japan, the U.S., Europe and Asia.”
Seven joint venture companies have been established in Japan, the United States, Europe and Asia.