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.
SOURCE Teijin Aramid BV