JAPAN: Teijin plans JPY22.5bn investment in aramid plant
Fibre firm Teijin is planning a JPY22.5bn (US$194.49m) investment into the production of high-performance aramid fibre at one of its Dutch plants, reported the Nihon Keizai Shimbun.
Teijin reportedly wants to raise the plant's capacity by 15% by the end of 2008.
The report said subsidiary Teijin Twaron BV will begin installing additional spinning and other equipment for making para-aramid fibre, heat-resistant material used in products preventing auto tire wear and in bulletproof vests.
Output capacity is expected to rise to 26,500 tons a year from 23,000 tons.
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