Teijin Frontier Co., Ltd., the Teijin Group’s fibers and products converting company, announced today that it will merge its subsidiary companies Teijin Modern Yarn Co.
, Ltd. and Shinwa Limited to develop, manufacture, sell and specially process yarns as Teijin Frontier Knitting Co., Ltd. on April 1.
The establishment of Teijin Frontier Knitting is meant to combine the variations of its two predecessors’ knitting machines with new development and quality-control capabilities for difficult products. It also is expected to strengthen global expansion of Teijin Frontier Group’s circular knitting business.
In addition, Teijin Frontier Knitting will create next-generation materials in the special textured yarn field by integrating the unique technologies of its two predecessors while further strengthening development capabilities throughout Teijin Frontier Group. Furthermore, the new company will strengthen the launch of new products both in Japan and worldwide by leveraging its expertise in circular knitting that incorporate special textured yarn.
The Teijin Frontier Group, the world’s only business entity involved in the integrated manufacture and sales of fibers, has achieved steady performance in an uncertain global market thanks to its rich experience and the strengths of its comprehensive framework for producing yarns, fabrics and finished products. The group has continued to build up its business structure and basic technologies by strategically investing in five key fields: environment, infrastructure, healthcare, mobility and global apparel textiles, and also new businesses, as well as by steadily upgrading its operating efficiencies and market responsiveness.
About Teijin Frontier Knitting
■ President: Takashi Murayama (currently Executive Officer, Teijin Frontier Co., Ltd.)
■ Location: 6-349 Imaemachi, Komatsu, Ishikawa Prefecture, Japan
■ Launch: April 1, 2021
■ Capital: JPY 90 million
