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Teijin to Collaborate with China Chemical Fibers Association to Grow Chinese Market
 

Tokyo, Mar 29, 2012 (JCN) - Teijin Limited is partnering with the China Chemical Fibers Association (CCFA) to expand its presence in the China market by pursuing business opportunities in the chemical fibers and related industries. This is the first time for the CCFA to enter into a comprehensive alliance with a foreign private business.

Under the agreement, collaborations between Teijin group companies and major Chinese companies introduced by the CCFA will pursue various opportunities to enhance Chinese fiber products with added value, differentiation and greater production efficiency; develop high-performance fibers and related applications; nurture unique businesses; develop green solutions for greater sustainability; and, establish a closed-loop recycling system.

Teijin has already reached an agreement to set up a closed-loop system for recycling polyester with Zhejiang Jiabao New Fiber Group Co. Ltd, a group company of Jinggong Holding Group. The system will be created by leveraging Teijin's leading-edge proprietary chemical recycling technology and business expertise cultivated through the global expansion of its Eco Circle closed-loop recycling system.

By Saroj Shrestha Staff Writer

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