JAPAN: Fibre Giant Teijin To Set Up Holding Company
Japan's second-largest maker of synthetic fibre, Teijin Ltd, said on Tuesday it plans to adopt a holding company structure next year to make it more competitive in a tough business climate. Under the April 2003 reorganisation, which is subject to approval at the firm's annual general meeting later this year, the new holding company will control nine in-house business groups.
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