Teijin establishes carbon fiber products operations in Vietnam

TCV, Teijin’s carbon fiber business base in Vietnam, was established in May 2019 to manufacture carbon fiber products, aiming to capitalize on the expanding demand for carbon fiber while strengthening Teijin’s global business capabilities.

Teijin’s sales affiliates in Singapore, Shanghai and Taipei work to identify demand opportunities as well as provide customer services in Asia. Internal collaborations between these companies and TCV will strengthen Teijin’s presence in the upstream and downstream sectors of Asia’s fast-growing markets.

Increasingly strict environmental measures and the upgrading of environmental frameworks, such as sustainable development goals (SDGs) and the Paris Agreement, are expected to stimulate greater use of lightweight and highly rigid carbon fiber.

Demands are growing in Asia, especially in the fields of sports and outdoor activities, industry and aerospace. COVID-19, for example, has led to new trends in sports and outdoor activities, such as renewed interest in fishing due its compatibility with social-distancing protocols.

Teijin, aiming to become a company that supports the society of the future, will continue to transform its involvement with carbon fiber and related businesses under a targeted long-term vision.