TOKYO/MUMBAI and NEW DELHI, India — June 20, 2012 — Toho Tenax Co., Ltd., the core company of the
Teijin Group’s carbon fibers and composites business, announced today that it will develop and
market carbon fiber fabrics for India’s composite industry in collaboration with Hindoostan
Technical Fabrics Limited, a carbon and aramid textile manufacturer wholly owned by Hindoostan
Mills, Ltd., a major textile company in India and part of the Thackersey Group. This will be the
first time Toho Tenax will partner with a textile manufacturer in India’s carbon fiber sector.
Under the partnership, Toho Tenax will supply its proprietary Tenax carbon fiber to
Hindoostan Technical Fabrics for weaving and processing into quality textiles. The two companies
will jointly market products to manufacturers of composite materials and reinforced sheets. The
focus of the collaboration will be on the Indian composite industry serving various industrial
domains including transportation such as automotive, aerospace and railway; wind power; sports and
leisure; medical equipment; construction reinforcement and retrofitting; electronics such as
computer and mobile phone housings, as well as a host of other industrial applications requiring
advanced carbon fiber based solutions.
Toho Tenax, which already supplies chopped carbon fiber in India, sees significant potential
in the nation’s carbon fiber market, and is preparing to meet surging demand from various customers
for highly valued intermediate material including prepregs.
“The collaboration between Hindoostan Technical Fabrics, with its advanced textile technology
and strong presence in the Indian market, and Toho Tenax, the world’s second largest carbon fiber
maker with a proven track record in the global carbon fiber composite market, will enable us to
quickly secure a stronger market position in India,” said Norio Kamei, president of Toho Tenax and
head of the Teijin group’s carbon fibers and composites business. “We aim to establish Tenax
textile as a mainstream product in the fast-growing Indian composite market.”
“We believe that India’s carbon fiber composite industry is in its infancy and has
substantial growth potential. Our collaboration with Toho Tenax, an industry leader in carbon fiber
technology, will play a pivotal role in providing users with high quality, customized and
competitive carbon fiber fabrics with reliable supply and strong application support,” said Sudhir
Thackersey, Chairman of Hindoostan Technical Fabrics Ltd. “Our goal is to use our expertise and
experience to continuously develop innovative textile solutions in the field of high performance
composites.”
India’s composite industry has recorded robust growth of about 20% per annum over the last
five years. Tenax carbon fiber textile is already used globally in a wide range of composite
products, such as automotive parts, wind-turbine generator blades, medical machinery and machine
tools.
India is one of the most strategic markets in Teijin group’s medium- to long-term growth
plan. Since establishing a company in New Delhi in 2007, Teijin has been developing markets in
sectors including automobiles and railcars, electronics, infrastructure, new energy and healthcare.
The group currently focuses on vertically integrating its midstream and downstream businesses
through strategic alliances for further growth in India.
Posted on June 26, 2012
Source: Teijin Ltd.
